Will Social Media Stock Trump Media & Technology Group (Nasdaq: DJT) Get the Shorts with a Trump Election Victory?

November 5, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas for traders, including tech and social media stocks reports on trading for Trump Media & Technology Group (Nasdaq: DJT), operator of the social media platform Truth Social.

Following on yesterday's momentum, the stock is once again on the run as election day rolls out. Betting on a Trump Presidential victory traders are running the stock again in today's trading session. The stock is currently trading at $39.10, up $4.76, gaining 13.86% on volume of over 78 Million shares as of this report.

The stock has a morning high of $40.74 and a 52 week high of $79.38.

As of 10/15/2024, the4 short interest was13, 178,015 shares according to NASDAQ.com

If the hoped for landslide victory comes in, traders will have a lot to celebrate as shorts come in to cover their bets.

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