Lucid Stock Short Squeeze Spikes Interest Amid Broader Market Trends
Lucid Motors Stock Surge and Short Interest
On May 14, 2024, Lucid Motors (NASDAQ: LCID) stock surged dramatically, trading at $3.18, up by $0.37 (13.21%) today. This spike has generated buzz about a potential short squeeze.
Short Interest Figures
- Lucid's short interest: 280,606,688 shares
- Short interest ratio: 25.26 days to cover
- Short interest as a percentage of float: 31.68%
Market Trends and Influential Figures
The surge in Lucid's stock price is linked to a broader meme stock revival trend, similar to GameStop and AMC Entertainment. Influential figures like 'Roaring Kitty' are sparking renewed interest and buying efforts among retail investors.
Lucid Motors' surge indicates a classic short squeeze scenario with short sellers struggling to cover positions amid high buying pressure.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.