In a remarkable turn of events, Trump Media shares saw a staggering rise of nearly 7% on Tuesday, maintaining a solid upward trajectory that has seen the Truth Social owner surge by around 50% over the past week. Despite several volatile days in the market recently, the stock managed to close the trading day at approximately $50 per share, which is about 30% below its opening price of $70.90 back in late March.

The past month has seen Trump Media shares experience turbulent fluctuations, reaching a high of approximately $60 per share and a low of just over $20 per share. During this period, the company has actively targeted short sellers and called upon Congress to investigate possible "unlawful manipulation" of its stock.

Experts suggest that the recent climb in Trump Media shares may be attributed to the company's strategic actions against short sellers. Jay Ritter, a business professor at the University of Florida specializing in initial public offerings, explained that Trump Media has informed its shareholders on methods to make it challenging for their shares to be loaned to short sellers. This reduction in available shares for shorting is believed to have contributed to an increase in the borrowing rate for short selling, ultimately driving up the stock value.

It is worth noting that Trump Media's surge in share price has not been accompanied by any significant news regarding improved financial performance. Last year, the company's social media business incurred losses of $58 million while generating just $4.1 million in revenue.

As the saga continues, market observers are closely watching the trajectory of Trump Media shares, with the company's latest moves against short sellers and calls for a congressional investigation heightening intrigue. Investors and analysts alike are eager to see how these developments will shape the future of this media enterprise.

Disclaimer: The above article is based on the information provided by the CNBC report, with additional context added by the AI assistant.