- Trump Media and Technology Group (DJT, Financial) has alerted the SEC about possible market manipulation.
- The alert concerns a nearly six-million share short position disclosed by U.K.-based Qube Research & Technologies in Germany.
- TMTG has requested an immediate investigation into possible illegal naked short selling of DJT shares.
On April 17, 2025, Trump Media and Technology Group Corp. (DJT) notified the U.S. Securities and Exchange Commission (SEC) of potential market manipulation related to its stock. The company raised concerns about a suspicious short position disclosure filed by the U.K.-based hedge fund Qube Research & Technologies in Germany, which involves nearly six million shares.
TMTG emphasized concerns about Qube's decision to file the disclosure in Germany, despite operating from the U.K. with an Icelandic data center. Additionally, the stock's total short interest remained approximately 11 million shares as of April 16, 2025, indicating a significant discrepancy with the reported short position.
The company also pointed out that DJT had appeared continuously on Nasdaq's Regulation SHO Threshold Security List for over two months in 2024, suggesting potential settlement issues or manipulative trading practices.
As a response, TMTG urges the SEC for a swift investigation into potential illegal naked short selling to ensure transparency in American equities exchanges. The company is also engaging with other regulatory bodies, including FINRA and NYSE, for oversight on this matter.
