Core Viewpoint - Trump Media and Technology Group Corp (TMTG) has raised concerns regarding suspicious trading activities of its stock DJT, particularly focusing on potential illegal naked short selling and market manipulation by the hedge fund Qube Research & Technologies [2][3][5]. Group 1: Suspicious Trading Activity - TMTG has reported suspicious trading activities related to Qube's disclosure of a nearly six-million share short position in DJT, which raises questions about the timing and methods of Qube's trading [2][5]. - DJT stock has been on Nasdaq's Regulation SHO Threshold Security List for over two months in 2024, indicating a history of suspicious trading [3]. - TMTG has urged the U.S. Securities and Exchange Commission (SEC) to investigate these activities and ensure transparency in American equities exchanges [4]. Group 2: Short Interest Data - As of March 31, 2025, the total short interest in DJT was reported at 10.7 million shares, with third-party sources indicating it remained virtually unchanged at approximately 11 million shares as of April 16, 2025 [5]. - Qube's short sales were disclosed in Germany, raising further questions about the legitimacy and timing of these trades, as no confirmation has been provided by Nasdaq or NYSE Texas regarding when these trades occurred [5]. Group 3: Company Overview - TMTG operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a platform for free speech and family-friendly content [6].
Trump Media Alerts SEC to Potential Manipulation of DJT stock