A Short's Dream Or Nightmare? ðŸ’
Posted: Apr 01, 2024
- Popular opinions on $DJT stock are polarizing, with some bearish and some bullish arguments being made. - Bear concerns include lack of fundamentals to justify valuation, dependence on Trump's legal cases, and potential for share price decline. - Bull arguments include excitement over Trump's company going public and potential for growth. - Short interest value for $DJT is $278.73 million with a cost to borrow rate of 342.71%, indicating high demand to short the stock. - Shorts took a $95 million loss last week and are doubling down on borrowing shares. - Shorts are betting on shareholders selling based on fundamentals, but underestimate the loyalty of Trump supporters. - Shorts face the possibility of having to cover 4.5 million shares at whatever price holders determine. - $DJT holders can outlast shorts in the situation, with the shorts paying $2,617,083 per day to borrow and short shares. - Investor suggests potential for a short squeeze if more investors buy shares in addition to options.
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!