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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaNEW YORK - Short-sellers in Trump Media & Technology Group are feeling the heat from the recent rally in the company's stock and the higher cost of borrowing its shares, analytics firm S3 Partners said.
Short-sellers, who profit when the share price falls, are still down 68% since the trading debut in late March, with $94.8 million of year-to-date mark-to-market losses, he said. Short-sellers exiting a position must buy back the underlying stock, exerting upward pressure on its shares. While some are unwinding their trades, there are"a slew of replacements ready, willing and able to enter the breach and short the stock at those higher levels."Initiating a new short position in Trump Media & Technology Group carries a fee between 600% and 650%, while existing positions carry fees of 330%, according to S3 data. Fewer than 100,000 shares are available to borrow.
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