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This is hilarious.

Posted by David (aka David) Apr 8 '24, 19:53

"Murphy is among those who believe Trump Media’s stock remains overvalued, given its meager revenue and relatively low numbers of Truth Social users compared to other, much bigger social media companies.

But Murphy is not alone.

Despite the fact that Trump Media stock is, by far, the most expensive U.S. stock to sell short, there was strong demand for the relatively few shares remaining available to borrow as part of a short sale, according to the financial data marketplace platform S3 Partners.

“What I’m hearing on the Street is that if [an amount] of stock becomes available, shorts are taking it down,” Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners told CNBC last week."

Responses:

I could probably look it up in a filing somewhere, but I wonder if the 180-day lockup prevents him from lending his shares as well as selling them outright. -- (edited) - znufrii Apr 8, 20:44 1
- unless he has a very non-standard agreement, he shouldn't be able to. -- nm - mafic Apr 8, 20:53
I was wondering how many shares were available that weren't locked up -- nm - zeitgeist Apr 8, 19:56

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This is hilarious.

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