According to financial data company S3 Partners, after US President Trump's Trump Media Technology recently announced a merger, the company's bearish interest surged, indicating that some traders expect the stock to take back recent gains. Since the announcement of the $6 billion merger with Google-backed TAE Technologies on December 18, the loss-making Trump Media & Technology Group stock price has risen by more than 30%. Within two days of announcing the merger, the stock rose as much as 63%. Since announcing the merger, short interest in Trump's Media Tech shares has climbed 31% to nearly 16 million shares, the highest level since October, S3 Partners said in a report on Friday. As shares rose 4% to $13.77 on Friday, these bears represent a bet worth around $218 million that the company's stock price will fall.

According to financial data company S3 Partners, after US President Trump's Trump Media Technology recently announced a merger, the company's bearish interest surged, indicating that some traders expect the stock to take back recent gains. Since the announcement of the $6 billion merger with Google-backed TAE Technologies on December 18, the loss-making Trump Media & Technology Group stock price has risen by more than 30%. Within two days of announcing the merger, the stock rose as much as 63%. Since announcing the merger, short interest in Trump's Media Tech shares has climbed 31% to nearly 16 million shares, the highest level since October, S3 Partners said in a report on Friday. As shares rose 4% to $13.77 on Friday, these bears represent a bet worth around $218 million that the company's stock price will fall.