Trump Media & Technology Group shares are trading higher after the company provided notice to shareholders on how to prevent the lending of their shares for short selling.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group's shares saw an increase following the company's guidance to shareholders on preventing their shares from being lent out for short selling. This move could potentially reduce the number of shares available for shorting, possibly leading to a decrease in short selling pressure on the stock.

April 29, 2024 | 7:25 pm
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Trump Media & Technology Group's shares are likely to experience reduced short selling pressure following the company's advice to shareholders on preventing their shares from being lent for short selling.
By advising shareholders on how to prevent their shares from being lent out for short selling, Trump Media & Technology Group could reduce the availability of shares for shorting. This reduction in available shares for short selling could lead to a decrease in short selling activity, which is often associated with downward pressure on a stock's price. Therefore, this move could be seen as a positive development for the stock in the short term, potentially leading to an increase in its price.
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