09:03 AM EDT, 04/19/2024 (MT Newswires) -- Trump Media & Technology ( DJT ) said Friday that it has sent a letter to Nasdaq Exchange complaining about short-selling of its stock.

The April 18 letter, addressed to Nasdaq's chief executive officer, Adena Friedman, and signed by Trump Media and Technology's ( DJT ) CEO Devin Nunes, alleged "market manipulation" of the social media company's stock by "naked" short sellers, a regulatory filing showed.

The letter alleged Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital were responsible for over 60% of the volume of DJT shares traded and urged Nasdaq to require brokers to disclose their short positions to prevent the "lending of shares that do not exist."

Shares of Trump Media & Technology ( DJT ) were up more than 9% in recent Friday premarket activity