Trump Media tells shareholders how to block their DJT stock being loaned to short sellers

Trump Media in an update to a FAQ on its website provided tips to shareholders on how to avoid their stock being loaned out for short selling.

The share price Wednesday was nearly 46% lower than its closing price on April 1, the same day Trump Media disclosed it had booked a $58 million loss for 2023, with just $4.1 million in revenue for that year.is by far the biggest shareholder in Trump Media, owning nearly 60% of its shares. And his 78.75 million shares could soon grow by 36 million shares if DJT's price stays above $17 per share in the coming days due to an earnout provision in the merger deal that took the company public.

The supplement offers detailed instructions to shareholders on:"How do I prevent my shares from being loaned for a short interest position?" The tips include holding DJT shares in a cash account at a brokerage firm as opposed to a margin account,"opting out of any securities lending program," moving Trump Media shares to the company's designated transfer agent, and transferring shares to a bank and"holding them in your retirement account."Brazil Supreme Court justice opens inquiry into Elon Musk

A spokeswoman for Trump Media did not immediately respond to a request for comment on the new instructions regarding preventing short selling. Trump Media in its update FAQ nodded to that risk in noting that brokerage firms loan shares"to sophisticated and institutional investors" to do short sales. Brokers often insist that customers who do short sales with them are experienced investors, and have sufficient cash or collateral on hand that can insure that if the short trade goes bad they can cover their losses.

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