Here's how much Trump stock is up since LA protests began

Trump Media & Technology Group Corp (DJT) stock has surprisingly gained over 4% since large-scale protests began in Los Angeles on Friday, June 6, defying expectations that political unrest would negatively impact the stock. Despite President Trump's intervention and a high short interest (consistently above 50% of volume), DJT shares have climbed, frustrating short-sellers, although borrow fees have eased slightly from nearly 12% to just over 8%. However, the stock remains down 37.89% year-to-date, highlighting its continued volatility and sensitivity to political events.

Analysis

Trump Media & Technology Group Corp. (DJT) has exhibited notable resilience, with its stock price appreciating over 4% since large-scale protests commenced in Los Angeles on June 6, despite the escalation of political tensions involving federal intervention. The stock rose from an opening price of $20.35 on Friday to $21.29 by Monday's close, before a minor pullback to $21.02 at Tuesday's open, defying expectations that the unrest would negatively impact its valuation. This price action has occurred even as short interest remains exceptionally high, consistently exceeding 50% of daily volume and reaching over 55% on June 9, according to FINRA data. However, borrow fees have recently eased from nearly 12% to just over 8% by June 10, possibly indicating some short covering or increased share availability. Notwithstanding this short-term rally, DJT remains down 37.89% year-to-date, highlighting the stock's profound volatility and its strong correlation with political headlines, which continue to be the dominant driver of its performance.

Key Decisions for Investors

• Given the stock's acute sensitivity to political events and substantial year-to-date losses despite recent gains, investors should treat DJT as a highly speculative holding, suitable only for those with a high-risk tolerance and a short-term trading horizon.
• The combination of persistent high short interest and easing borrow fees warrants close observation; a sustained decrease in borrow fees alongside a reduction in short interest could signal a shift in bearish conviction, while continued high short interest keeps the potential for significant volatility, including short squeezes, elevated.
• Investors should closely monitor developments related to the Los Angeles protests and any further political responses, as these are likely to be primary catalysts for significant price movements in DJT, in either direction.