The DJT ticker was up more than $5 per share just before 3 p.m. ET.Sign up for NBC New York newsletters.on March 26 with a price of more than $70 per share. Over the next several weeks, share prices cratered, ending up with a low closing price of $22.80 on April 16.
"In the last week or so the company has informed its shareholders how to make it difficult to loan their shares to short sellers, and it is possible that the number of shares available to short has decreased, increasing the borrowing rate for short selling," said Ritter, who is an expert on initial public offerings.
Ritter said that request, which has yet to be acted upon, also could be helping to drive up the share price. But the company has as its effective face Donald Trump, whose political supporters are among the small shareholders helping to bolster the stock price.
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