$Trump Media & Technology(DJT)$ With 14 million shares short, those short sellers must go to bed scared every night, knowing that the next gap up is just around the corner. They're not only facing the risk of the stock moving against them, but they also have to contend with paying over 20% interest just to maintain those short positions. That’s a hefty cost that adds up quickly!
The question remains: how do they plan on covering 14 million shares when the average trading volume is only around 500k shares a day? That translates to approximately 28 days to cover their positions. If the stock sees a significant increase during that time, the pressure on shorts will only intensify.
So, to all the longs out there, it looks like we’re in an advantageous position! The combination of high short interest and potential bullish catalysts could create an explosive environment. Let's stay vigilant and see how this unfolds—there could be significant rewards ahead for those who believe in the stock’s potential!
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