Trump Media Is Now the Most Expensive US Stock to Bet Against
- Borrowing costs over 200 times average for US-listed firms
- SPAC short-sellers lost $158 million on paper in 2024: S3
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Betting against former president Donald Trump’s social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.
Investors tempted to bet against Trump Media & Technology Group Corp. are facing annual financing costs to borrow the shares of more than 150%, and risks that the stock’s meme-like volatility and loyal fanbase could burn them even more. The newly-public company is the most expensive US stock to bet against, with over $100 million of short interest, S3 data show.