Short squeeze alert for Lucid stock

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. Lucid's short interest stands at 280,606,688 shares, according to NASDAQ, with a short interest ratio of 25.26 days to cover. The short interest as a percentage of float is an alarming 31.68%, suggesting the could be significant volatility ahead. The surge in Lucid's stock price can be linked to a broader revival of meme stocks l ...