Written by Carolina Mandel
New York (Reuters) – The Qube Research & Technologies has revealed a short job of $ 105 million in the Trump media and technology group on Monday, according to a report with the federal newspaper in Germany.
The Qube website, which was revealed in Media Media, which was first reported by the Precout Point research company, represents 2.53 % of the total Trump float, which President Donald Trump owns 53 % and is the parent platform in reality.
Trump immediately did not respond to Reuters to comment on the short position. Qube refused to comment, but he said in an email that his positions were driven by a quantitative model and “does not reflect a specific point of view on the basic company.”
Investors who are taking a short position in the company's shares are betting on the decrease in the share price. In the open sales process, investors borrow and then sell the shares, with betting on the decrease in the share price so that the shares can be purchased at a lower price to pay the loan, allowing the investor the difference of the difference.
The Qube file was the first short regulatory disclosure in Trump by any entity, and he said it is ranked first in the position of a short cup in the percentage after B Riley Financial.
The famous shares between retailers and shares in TROMP Media decreased by 44 % this year after the value was dominated almost last year. The short interest in the company, with a market value of $ 4.2 billion, is 4.9 %, according to Lseg.
Earlier this month, Trump Media's shares decreased after the company made papers that allow the president's confidence to sell a large number of shares.
Trump's shares on Monday were the last 1.6 %.
(I participated in the reports of Carolina Mandal in New York; edited by Joe Pavier and Lezli Adler)
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