"Trump and Media Group (DJT) stock, closely tied to Trump's election chances, faces high squeeze risk due to limited float and elevated short interest," S3 wrote on Tuesday. "Trump's 57% stake and current short losses intensify squeeze potential."
Trump's stake in DJT
Trump owns about 115 million shares of Trump Media, making him the largest investor in the fledgling social media company. At its most recent intraday peak of $54.68 on Tuesday, his stake was valued at almost $6.3 billion.
But the two-day sell-off has whittled the value of that stake to about $4 billion, based on Thursday's closing price.
To be sure, those losses represent paper wealth, and Trump has vowed not to sell his shares after a lock-up period expired last month, which now enables him to liquidate his stake. Because Trump owns almost 60% of the company's stock, selling even a portion of his stake could flood the market with available shares, potentially lowering its price.
Many of the other DJT shareholders are small investors who bought shares as a way to express support for the former president. On Thursday, as the stock tumbled for a second day, some of its shareholders vowed revenge in the months to come, with some blaming short sellers and others pointing to the U.S. Securities and Exchange Commission (SEC.)
"I was happy to strap my investment dollars to @realDonaldTrump and take all the financial arrows with him," wrote Chad Nedohin, a and shareholder who runs a DJT group on Truth Social. "The more they try to hurt DJT, the worse it's going to be for them in 2025."
Nedohin added #TrumpTheSEC at the end of his post.
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