DJT Media stock closed at $22.84, down another 14% for the day. This is even with the company announcing it plans to launch a live streaming platform.
In early April, there was an article reporting that the interest rate for short sellers of DJT Media stock was above 550% (i.e, you have to annually pay 5.5 times the price of the stock in order to 'lend' shares for puts). For reference, the short interest on a healthy stock is usually 10% (or lower), and short interest above 20% usually indicates a company that is in trouble.
Market capitalization is currently about $3.1 billion. Based on financial results and peer comparison, future expected market capitalization of $50-125 million. Given the current free float of 39.6 million shares, the price will probably trend down towards somewhere around $1.50 to $4 per share.
In early April, there was an article reporting that the interest rate for short sellers of DJT Media stock was above 550% (i.e, you have to annually pay 5.5 times the price of the stock in order to 'lend' shares for puts). For reference, the short interest on a healthy stock is usually 10% (or lower), and short interest above 20% usually indicates a company that is in trouble.
Market capitalization is currently about $3.1 billion. Based on financial results and peer comparison, future expected market capitalization of $50-125 million. Given the current free float of 39.6 million shares, the price will probably trend down towards somewhere around $1.50 to $4 per share.
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