{"id":240335,"date":"2024-07-19T16:31:42","date_gmt":"2024-07-19T20:31:42","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=240335"},"modified":"2024-07-19T16:31:42","modified_gmt":"2024-07-19T20:31:42","slug":"trump-stock-shorted-heavily-day-before-assassination-attempt","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=240335","title":{"rendered":"

Trump stock shorted heavily day before assassination attempt<\/b><\/h2>"},"content":{"rendered":"

Elmaz Sabovic
\nFINBOLD<\/p>\n

After an assassination attempt on former President Donald Trump<\/a>, which sent shockwaves through the U.S. political landscape, Trump Media<\/a> (NASDAQ: DJT) shares surged more than 60%<\/a> in the early trading hour on Monday before retracing by 20% to the valuation of $36.89 at the latest close on July 16.<\/p>\n

However, a fact bound to raise a few questions is that short<\/a> positions against Truth Social stock<\/a>doubled between July 1 and July 12, going from 7 to 15 million shares, in what was a record of shares shorted for DJT stock since its trading debut.<\/p>\n

This surge indicates that individuals or large organizations anticipated a significant drop in the stock\u2019s<\/a> value by July 15, a scenario that would likely have materialized had President Trump died in Pennsylvania.<\/p>\n

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\"DJT
DJT stock short-interest history. Source: Fintel<\/a><\/figcaption><\/figure>\n

The potential need to cover the losses from short positions leading up to July 12 could have provided an additional boost in the price of DJT stock.<\/p>\n

A pattern raises concerns that some individuals may have had foreknowledge of a plot against former President Trump\u2019s life and sought to profit from the expected turmoil.<\/p>\n

Short interest in DJT stock<\/h2>\n

Looking at the current level of DJT stock short-interest, it has subsided substantially. It fell to 11.27%, with 5,219,586 shares being shorted at an average coverage of less than one day.<\/p>\n

\"DJT
DJT stock short interest level. Source: Fintel<\/figcaption><\/figure>\n

This means that the stock is no longer experiencing high short interest, as it did last week.<\/p>\n

Previous occurrences of short interest before major events<\/h2>\n

A similar occurrence was observed<\/a> on September 11, 2001, when substantial bets were placed against the stocks of major airlines, American Airlines (NASDAQ: AAL<\/a>) and United Airlines (NASDAQ: UAL<\/a>), the day before the attacks.<\/p>\n

Subsequent investigations revealed<\/a> that a single entity and an insider newsletter had tipped off investors, leading them to place fortuitous bets against the top two U.S. airlines, which suffered significant losses following the hijackings.<\/p>\n

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Disclaimer:<\/em><\/strong> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.<\/em><\/p>\n

___
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