Short-Cover Thesis: Lucid Group, Inc (LCID) Figure 1: Profile View Electric vehicle maker Lucid Group, Inc recently saw draw down of -35% from its November highs as short banked on the back end of a SEC investigation, liquidation risk into deleveraging cycle, overall U.S. market correction, and a 1.75 billion convertible senior note offering. On Friday after the U.S cash close, news came out that LCID will be added to the NASDAQ 100. $LCID has decently high short interest and after a -35% draw down from highs,
$LCID: Short Cover Play
$LCID: Short Cover Play
$LCID: Short Cover Play
Short-Cover Thesis: Lucid Group, Inc (LCID) Figure 1: Profile View Electric vehicle maker Lucid Group, Inc recently saw draw down of -35% from its November highs as short banked on the back end of a SEC investigation, liquidation risk into deleveraging cycle, overall U.S. market correction, and a 1.75 billion convertible senior note offering. On Friday after the U.S cash close, news came out that LCID will be added to the NASDAQ 100. $LCID has decently high short interest and after a -35% draw down from highs,