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

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Jonathan Raa | Nurphoto | Getty Images Trump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop.
The short-selling-prevention tips posted Wednesday on Trump Media’s website come as its DJT stock has fallen sharply in price since it began being public trading on March 26 — and as short sellers have taken a keen interest in the owner of the Truth Social app despite relatively high fees to finance such trades.
Here are some risks involved Trump Media is the most expensive U.S. stock to short — by far Shvartsman brothers plead guilty to insider trading on Trump Media merger plans The supplement adds a significant amount of instructions to what was originally posted on the FAQ on Wednesday, under the heading: “How do I prevent my shares from being loaned for a short interest position?” Short selling is the practice of borrowing shares of a company’s stock, and then quickly selling those shares for a certain amount of money.
“For long-term shareholders who believe in the Company’s future, the Company is highlighting the following actions you can take with your brokerage firm to prevent the lending of your shares for short selling,” Trump Media said in its supplement to its FAQ on Wednesday.