Trump’s media company loses a third of value after initial surge in trading

Stock has become actively shorted as traders are betting on company's fall, and the ex-president's stake is now valued at $3bn

Donald Trump's media and technology group, DJT, has lost about 36% of its value since it began publicly trading on 22 March, dropping the former president's stake to approximately $2.8bn.

As of Monday afternoon, DJT stock was priced at about $36 - down from a high of $66 seen on 27 March. But market analysts are saying it's too soon to draw any firm conclusions from the depreciation because the stock has become one of the most actively shorted on the Nasdaq exchange - meaning traders have been betting that it will fall.