I have no real knowlege of these things, but I would guess that that means that the number of shorted shares increased by 27%, so yesterday it was a bit over 10 million shares shorted, today its 13 million.
That does jibe with definitions I see online. However, I think it’s been at 27% or something similar for awhile now, so I don’t think it could be a daily change. I guess we can look tomorrow and if the numbers are still around 13 million and 27%, we’ll know that’s not it.
You’d think Barron’s would link to explanations of their data, but I guess they’re targeting business executives – (warning: snark alert,) people famously obsessed with numbers and graphs, and uninterested in the math behind them, even if it is only arithmetic.
Apologies is this has been mentioned already. When do we get to see which insiders have sold over the last few days?
Investopedia is the reference for Wall Street jargon. An increase in short interest is a bearish (pessimistic) action.
What Is Short Interest, and Why Does It Matter to Traders?.
INSIDER RELATION DATE ACTION SHARES PRICE REMAINING
|NUNES DEVIN G.|Officer|8/22/2024|Sell|Direct|27,846|$22.70|87,154|
|NORTHWALL ANDREW|Officer|8/22/2024|Sell|Direct|3,467|$22.70|16,533|
|GLABE SCOTT|Officer|8/22/2024|Sell|Direct|4,083|$22.70|15,917|
|JUHAN PHILLIP|Officer|8/22/2024|Sell|Direct|84,941|$22.70|405,059|
|NOVACHKI VLADIMIR|Officer|8/22/2024|Sell|Direct|7,801|$22.70|37,199|
Sold yesterday at $22.70/share, nice considering many if not most shares were grifted gifted.
Yep, that was my main reference in figuring out what the other numbers meant and what their impact might be, but it doesn’t explain what Barron’s means by Short Interest Change here.
Barron’s shows Short Interest at 13.01 million shares, but also shows a date of 8/30/24. Maybe the current figure is 27% higher than that? Or maybe “Short Interest” data is only available periodically and 13.01 million is 27% higher than the previous period’s number? If it changes on 9/30, then we’d have proof of that theory.
That doesn’t look like it was yesterday, the date was 8/22/24 so a month ago when the price was at the $22.70. I read somewhere that sales by insiders have to be declared within 2 days of the sale so (unless they are going to illegally hide it) it we will probably be another day or two before we see who sold what after the hold was eliminated.
Sorry about the date. Still gifted shares mostly.
nm, answered well by @Buck_Godot above.
Yes, those are the sales that were talked about up-thread a bit. I still don’t understand how Nunes, et al., were able to sell those shares before the holding period ran out. For that matter, if they could sell stock, why didn’t they sell earlier and all of it?
Looking at the numbers though, I find it funny that Nunes only got around 100K shares. I mean, it’s not a tiny amount, especially given that he was able to sell some of it off at a relatively high price. Trump got 134 million shares though, and Nunes was doing most of the work propping up the company in order for the scam to pay off at all.
Because getting other people to do stuff for him to their own detriment is how Trump gets through life.
On the other hand, if Trump’s name wasn’t a part of this, it wouldn’t have gone anywhere. You could argue that the Trump “brand” really was essential here, and based on that alone you could justify the shares that Trump got. It’s sort of like the NIL (name/image/likeness) deals that happen in college sports these days.
According to this, the shares were sold to cover taxes on them so maybe there is some sort of dispensation in that case. As actual officers of the company may have been vested in DJT before Trump was.
That makes sense. For whatever reason they realized the gain at some point and would have owed on April 15th.
FTR, looking at the trading data, more than 1.6 million shares changed hands today in the first 10 minutes after the opening bell. It’s reflected in the stock chart showing an almost straight-line drop from around $13.72 to $12.80.in literally ten minutes. It never recovered, and closed today at $12.15.
As I briefly mentioned in the other thread in IMHO, looking through their financial statements I get vibes of shady dealings and that the whole thing is basically a scam. Digging down more closely into the required disclosures, the organization is embroiled in lawsuits and the departure of key employees. They have hardly any revenues and no real business. The whole thing seems to be what in the common vernacular is referred to as a “shitshow”.
It’s open and already down thirty cents.
I had to change that number four times now.
Just dropped below $12/share, at $11.88.
I’m calling Norman Invasion day’s end.
This thread was started specifically about when Trump would sell, but now it just seems to be repeating the price discussion in the other Truth Social thread. Maybe we should consolidate?
Would you mind posting a link to the other Truth Social thread? My search-fu is weak today.