Trump Media & Technology Group Corp. (NASDAQ:DJTWW) Sees Large Increase in Short Interest

Trump Media & Technology Group Corp. (NASDAQ:DJTWW) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,278 shares, a growth of 66.5% from the July 30th total of 3,770 shares. Based on an average trading volume of 33,542 shares, the days-to-cover ratio is presently 0.2 days.

Trump Media & Technology Group Stock Up 0.4%

Shares of NASDAQ:DJTWW traded up $0.02 during mid-day trading on Monday, hitting $4.88. The stock had a trading volume of 25,439 shares, compared to its average volume of 29,507. The company’s 50 day moving average is $3.62 and its 200-day moving average is $4.36. Trump Media & Technology Group has a 12-month low of $2.56 and a 12-month high of $11.45.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group (NASDAQ: DJTWW) is a media and technology company focused on developing digital platforms and content services. The company’s primary offering is Truth Social, a subscription-based social networking service that aims to provide an alternative to mainstream social media outlets. In addition to its flagship platform, Trump Media & Technology Group has discussed plans to expand into audio streaming, video-on-demand and other digital content offerings under the TMTG+ brand.

Founded in October 2021 by former U.S.