Betting against former president Donald Trump’s social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.
Investors tempted to bet against Trump Media & Technology Group are facing annual financing costs to borrow the shares of more than 150%, and risks that the stock’s meme-like volatility and loyal fanbase could burn them even more, Bloomberg reports. The newly-public company is the most expensive US stock to bet against, with over $100 million of short interest, S3 data show.
Short-sellers lost $158 million on paper in 2024 betting against Digital World Acquisition, the SPAC that took Trump Media public this week. Read more.
