regulatory
confidence high
sentiment negative
materiality 0.65
Trump Media sends SEC memo alleging illegal naked short selling of DJT stock
Trump Media & Technology Group Corp.
- TMTG sent memo to SEC Acting Chairman Mark Uyeda on April 17, 2025, accusing Qube Research & Technologies of potential naked short selling.
- Qube disclosed a nearly 6M share short position in DJT on April 10, 2025, but only in Germany, not US markets.
- Nasdaq reported DJT short interest of 10.7M shares as of March 31, 2025, virtually unchanged at ~11M as of April 16.
- TMTG notes DJT was on Nasdaq's Reg SHO Threshold Security List for over two months in 2024.
- Company urges SEC to investigate and report findings to civil and criminal authorities.