Jan 2 (Reuters) - Short interest in U.S. President Donald Trump's social media company has jumped following a recent merger announcement, suggesting some traders expect the stock to give back more of its recent gains, according to financial data firm S3 Partners.
Shares of money-losing Trump Media & Technology Group are up over 30% since December 18, when it announced a $6 billion merger with Google-backed TAE Technologies. The stock had jumped as much as 63% in the two days following the announcement.
