“Trump Media is up 92% since launching a crusade against short sellers”
May 9, 2024
“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers.
“TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate short selling, shareholders have the option of asking their broker to recall their shares,” the company said in the press release.
“After recalling their shares, long-term shareholders who believe in the Company’s future can then hold their DJT shares in a cash account, opt out of any securities lending programs, or move their shares to a Direct Registration account at the Company’s transfer agent,” the company said.
Shares of Trump Media soared 12% on Monday following the press release and surged an additional 9% on Tuesday…”
https://finance.yahoo.com/news/trump-media-92-since-launching-224111198.html