This content is not to be considered investment advice, and the author holds no position in any of the stocks discussed herein.
Concerns Over Stock Price Manipulation in Trump Media and Technology Group
Trump Media and Technology Group (NASDAQ: DJT), which oversees Donald Trump’s social media platform Truth Social, the Truth Plus streaming service, and an asset management branch named Truth. Fi, has recently expressed grave concerns regarding significant short selling by a UK-based hedge fund.
Regulatory Response to Short Selling Disclosures
The company has alerted the SEC, FINRA, NYSE, and Nasdaq through a memo addressing what it describes as “suspicious activity”relating to a filing made by Qube Research & Technologies, the hedge fund in question. The controversy first ignited on April 10, when Qube publicly revealed it had taken a short position of approximately 6 million shares of Trump Media in a regulatory document filed in Germany.
Short Interest Statistics
According to the data reported by Nasdaq, as of March 31, the total short interest for Trump Media stock accounted for 10.7 million shares. An investigation by the company, utilizing third-party sources, indicated that this figure had remained “virtually unchanged”by April 16.
“Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all.”
Allegations of Illegal Trading Practices
The Trump Media management now posits that its shares may be victims of “illegal naked short-selling.”The company emphasized:
“The above factors, especially when combined with the history of suspicious trading surrounding DJT stock—including DJT appearing on Nasdaq’s Regulation SHO Threshold Security List continuously for more than two months in 2024—could be indications of the illegal naked short selling of DJT shares.”
Previous Complaints and Lack of Response
Over recent months, Trump Media has repeatedly raised concerns regarding alleged stock price manipulation, prompting the company to communicate directly with several Congressional committee chairs and calling upon both the Nasdaq exchange and the attorney general of Florida to initiate investigations. Unfortunately, these efforts have yet to produce noticeable outcomes.
The Role of President Trump in the Company
With President Trump holding a majority stake in Trump Media and Technology Group, the ongoing tensions surrounding U. S.import tariffs may lead the SEC to consider these latest claims more seriously, particularly due to the involvement of a foreign hedge fund in alleged stock manipulation.
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