Rumble, Inc. RUM shares are moving on high trading volume Friday. Rumble CEO, Chris Pavlovski, tweeted about the short interest in the company's stock.
What To Know:
Rumble CEO, Chris Pavlovski, stated on Twitter, "I'm acutely aware that nearly 10m shares are short on Rumble ($RUM). I will make one thing clear, it's a mission of mine to make it absolute hell for these shorts."
The tweet comes as other conservative media companies' stocks are making large price moves and social media chatter. Digital World Acquisition Corp. DWAC, the company related to Donald Trump's Truth Social app, has seen shares of DWAC soar on Friday after the company announced a settlement with the SEC. PSQ Holdings, Inc. (PublicSq.) PSQH shares rose dramatically on Thursday after Donald Trump Jr. tweeted his support for Colombier Acquisition Corp. and rumors of a deal with Tucker Carlson spread.
According to data from Benzinga Pro, 9.825 million shares of RUM, equaling 12.65% of available shares, are currently being sold short.
Related News: Why Trump-Related Digital World Acquisition Corp. Shares Are Soaring
RUM Price Action: According to Benzinga Pro, shares of Rumble are trading 3.66% lower at $7.90 at the time of publication.
Image: ooceey from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
