Trump Media & Technology Group faces a short bet worth $ 106 million from the hedge box where stocks fell to 6 months – Trump Media and Texture R.

Qube Research & Technologies LimitedLondon -based hedge box, revealed a great short job against Trump company for media and technology DjtThe company is behind the social truth, according to the federal newspaper, Germany.

What happenedThe position represents 2.53 % of the suspended DJT shares, which amount to about $ 106.26 million based on the market value of $ 4.3 billion for the company.

DJT shares recently fell to its lowest level after six months after the company registered for the potential for the shares owned by the president Donald TrumpWhich controls 53 % of business and other shareholders.

The stock decreased by 41.33 % on an annual basis and is trading over 80 % lower The acquisition company on the digital world.

Total short interest in DJT 10.17 % as of modern data from Benzinga.

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Why do it matterDespite the declining position, DJT has expanded its business model beyond social media. The company recently announced a partnership with Yorkville America stocks and Index technology set The accounts managed by the realistic truth separately focus on “American values” on four topics: faith, values, freedom and security, energy independence, and made in America.

CEO Divin Nunes The initiative was described as “non -market investment options”. The company also plans to submit money on the stock exchange later this year in partnership with Crypto.com, with the support of cash reserves worth $ 250 million from TMTG Charles Schwab.

PriceDJT closed at $ 19.96, an increase of 5.44 % on Tuesday, but it was immersed by 1.50 % in the hours after trading hours to $ 19.66.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

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