Short Sellers Circle Trump Media After AI-Energy Deal Rally
Trump Media's 63% two-day surge following its $6 billion merger announcement with TAE Technologies has drawn a 31% spike in short interest, reaching nearly 16 million shares. Bearish bets now total $218 million as traders anticipate a pullback from the AI-linked rally.
The stock remains down 60% year-over-year despite recent gains, with Donald Trump's stake poised to halve post-merger. Market skepticism persists as volatility and short positioning echo October levels.