Lucid Short Interest Soars Again
Lucid Group, Inc. has reported disappointing financial results for Q1, missing revenue estimates and experiencing significant cash burn. The company's gross margin has fallen to negative 110.35%, with a net loss exceeding $1.13 billion. Additionally, short interest in Lucid's stock has surged to over 35% of its float, indicating growing investor skepticism.
- ▪Lucid missed Q1 revenue estimates and reported severe cash burn.
- ▪The company's gross margin plunged to negative 110.35%.
- ▪Lucid's Q1 net loss exceeded $1.13 billion.
- ▪Short interest in Lucid has surged to over 35% of its float.
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