07:01 AM EDT, 04/23/2024 (MT Newswires) -- Trump Media & Technology Group ( DJT ) on Tuesday suggested shareholders to move their stocks from margin to cash-only accounts and opt out of securities lending programs to block short-selling of the stock.

The company launched by former US President Donald Trump also suggested investors go through the process of moving their shares to direct registration accounts.

The company alleges that sophisticated and institutional investors have been borrowing shares from brokerage margin accounts for the purpose of short selling that it claims has driven the share value down.

The company said the suggested moves could entail costs and risks, but added that many of its retail shareholders "invested in DJT because they support Trump Media & Technology Group's ( DJT ) mission to create a free-speech beachhead against Big Tech censorship."