What Is Going On With NYSE:LCID?

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The LCID stock price fluctuated between $24.32 and $28.56 throughout the trading session with the volume trading being 31M shares.

The share price of Lucid Group, Inc. Common Stock (NasdaqGS:LCID) ran up 6.3% to close Monday’s market session at $26.83, higher as compared to yesterday’s close which brings the market valuation of the company to $6.94B.

The 52-week high for the Lucid Group, Inc. Common Stock’s shares is $28.56. That puts it -6.06% from that peak but still a nice gain since the share price dropped to a 52-week low of $24.32, while the S&P 500’s share price change was of 36.19%.

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Shrinking short interest

The Lucid Group, Inc. Common Stock’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 35.17M shares being shorted which translates into 2.66 of a short ratio for LCID, while in the previous month the shorted shares were 40.31M.

Lucid Group, Inc. Common Stock (NasdaqGS:LCID) financials

With a market cap of 6.94B, Lucid Group, Inc. Common Stock holds a total cash of $2.07M that translates into $0.01 per share, while the total debt is of $300k.

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