Shorts prevail as the Luminar (LAZR) stock price dives

Short sellers have thrived Luminar has been a boom for short-sellers as its stock has plummeted hard in the past few years. After peaking at $47.78 in December 2020, the LAZR stock has plunged by over 96$14.15 billion to less than $600 million today. This performance has benefited shorts since Luminar is one of the most shorted companies in Wall Street with a short interest of 26.56%. Short sellers borrow a stock, sell it, and then buy it back at a lower pric ...