thewallgameshow| Trump Media's share price rose for a second consecutive day after the company fought short sellers

Shares of Trump Media Technology Group (DJT) rose 15% on Thursday as the company tried to fend off short sellers during a turbulent trading week.

According to the updated FAQ page on Trump's media website, which is also included in a new securities filing released on Wednesday, the company is providing advice to investors to prevent its shares from being lent out for short positions.

Short interest in DJT shares, betting that the share price will fall rather than rise, accounts for about 13 per cent of outstanding shares, according to the latest data. That's up from about 11% at its public market debut. The average short equity of listed companies is in the range of 3%-4%.

At the end of last month, Trump Media Co., Ltd. and special purpose acquisition company Digital World Acquisition Corp.ThewallgameshowThe merger was approved by shareholders and then listed on NASDAQ. Shares have fallen 55 per cent since the end of March.

The company said in the document thatThewallgameshowTo prevent stocks from being lent short, please contact your stockbroker to restrict lending to short sellers. "

Trump media provided a sample letter for investors to send to their brokers and suggested "opting out of any securities lending program". The company also recommends that investors deposit DJT shares in the brokerage's cash account rather than in a margin account and transfer the stock to a bank so that it can be deposited in a retirement account.

When share prices plummeted earlier this week, there were suggestions to prevent short selling. On Monday, the company filed to issue more than 21 million shares. A day later, it announced a new live TV streaming platform.

Mr Trump owns about 60 per cent of Truth Socia. At current levels of about $30 a share, Trump Media has a market capitalization of about $4 billion and the former president's stake is worth about $2.4 billion. After the company's first public debut, Trump's stake was worth just over $4.5 billion.

After the January 6, 2021 Capitol riots, the former president was kicked out of major social media apps such as Facebook (META) and Twitter, a platform now known as X, before he founded Truth Social. Since then, Trump has regained his position on these platforms.

According to the latest regulatory documents released earlier this month, Trump media reported a net loss of nearly $60 million and sales of just over $4 million for the year ended December 31. The company warned that losses were expected to continue amid greater challenges to profitability.

The document also confirms that stakeholders are still subject to a six-month lock-up period before selling or transferring shares. The only exception to the lock-up period is when the company's board of directors votes for a special exemption. While possible, experts said last month that such an attempt could lead to multiple lawsuits by public shareholders.

Before his election with Biden in 2024, Trump faces 4.Thewallgameshow.5.4 billion dollars in fraud fines and insufficient campaign fundraising.

Trump recently paid 1 in a fraud case.ThewallgameshowA deposit of $7.5 billion, which caused him to suspend the last payment during the appeal.

The criminal trial is related to the alleged payment of hush money to adult movie star Stolmy Daniels.

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