You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners, a leading financial data marketplace platform. But plenty of people are still willing to pay those steep costs, based on their belief that Trump Media’s share price is bound to fall dramatically from its Wednesday closing of $48.81. Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay annual financing costs of between 750% and 900% of the price of the stock, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. That means a short seller of the DJT ticker who took a position Wednesday would have had to pay costs of between about $1 and $1.22 per day to the lenders. To break even…
