Jump to content

Trump Media is Most Expensive US Stock to Short — By Far


Recommended Posts

“Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners, a leading financial data marketplace platform.

But plenty of people are still willing to pay those steep costs, based on their belief that Trump Media's share price is bound to fall dramatically from its Wednesday closing of $48.81.

Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay annual financing costs of between 750% and 900% of the price of the stock, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

 

They are drawn by the fact that the share price gives it a market capitalization of $6.6 billion despite having just $4.1 million in revenue last year.

"What I'm hearing on the Street is that if [an amount] of stock becomes available, shorts are taking it down," Dusaniwsky said.“

https://stocks.apple.com/A9P8ALJVAQjGGLOQUoZN-uw

  • Haha 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Tell a friend

    Love Repolitics.com - Political Discussion Forums? Tell a friend!
  • Member Statistics

    • Total Members
      10,764
    • Most Online
      1,403

    Newest Member
    RevolutionPartyofCanada
    Joined
  • Recent Achievements

  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...