How Is The Market Feeling About Lucid Gr?
Portfolio Pulse from Benzinga Insights
Lucid Gr (NYSE:LCID) has seen a 9.58% increase in short percent of float since its last report, with 256.31 million shares sold short, representing 21.97% of available shares. This indicates a bearish market sentiment towards LCID, although it's not a definitive predictor of stock price movement. Lucid Gr's short interest is significantly higher than its peer group average of 9.43%, suggesting more bearish sentiment compared to its peers.
February 07, 2024 | 6:45 pm
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Lucid Gr's significant increase in short interest suggests a bearish market sentiment, which could lead to increased volatility in the short term.
The increase in short interest for Lucid Gr indicates that a larger number of investors are betting against the stock, expecting its price to fall. This bearish sentiment, especially when significantly higher than its peers, can lead to increased stock price volatility in the short term as market participants react to this sentiment. However, it's important to note that short interest alone is not a definitive predictor of future stock price movement.
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