After a significant jump between April 27 and 28, Trump Media & Technology (NASDAQ: DJT) stock short volume ratio inched higher and ended the month at its highest value in at least two weeks.
Specifically, after hitting its recent low of 37.11, the metric soared to 60.18 within a single day and continued climbing to 61.63 on April 30.
Notably, the April 27 bottom coincided with one of DJT stock’s highest closing prices of the month – $9.95 – and the subsequent rise in bearish bets accompanied a significant price drop.
Thus, the most recent reading appears to indicate that investors estimate that Trump Media shares are about to plunge further in May, though it simultaneously raises the possibility that a significant short squeeze is imminent.
Is a squeeze imminent for DJT stock short-traders?
The possibility that DJT stock short-sellers are about to get liquidated is increased by the equity’s 2026 tendency to trade together with major moves made by other major assets, at least in the short term.
Indeed, while noticeably more volatile, Trump Media appears to have followed the wider market into the late January downturn, the Iran war crash, but also the upward bounce from the bottom between March 27 and 30.
Still, while event-driven, the equity’s performance also demonstrated it is backed by less long-term confidence than most of the prominent technology companies.
Specifically, while the benchmark S&P500 index continued trading higher from the recent low and ended the month at a new all-time high (ATH), DJT reached its 30-day high of $10.26 already on April 17 and ended the period at $9.17.
Why a Trump stock short squeeze in May is unlikely
Additionally, both the recent events and technical analysis (TA) appear to be ruling out an imminent short squeeze.
Overall readings for DJT, whether based on the last month, week, or day, are leaning toward a ‘Sell’ recommendation, with moving averages (MA) being rather decisive and oscillators only occasionally painting a bullish picture, per the data Finbold retrieved from TradingView on May 1.
Simultaneously, while a conclusive U.S. victory against Iran could drive the Trump stock higher, a final peace agreement appears as elusive as a decisive military operation.
Still, the recent increase in oil prices and the President’s upcoming visit to China – scheduled for mid-May – represent a point of pressure that could lead to a sudden diplomatic breakthrough and generate a sudden tailwind rather than continuing to produce headwinds.
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