Overview

• LCID traded up about 1% to $20.58 late Thursday, rebounding from early-September post-split lows that included an intraday trough around $16.16.
• Trading after the Sept. 2 reverse split has been unusually heavy with reports of short-squeeze dynamics, though measurements of any spike and subsequent covering vary by source.
• Fintel reports roughly 30.64% of the float sold short, a 5.41 days-to-cover ratio, and an elevated off-exchange short volume ratio near 61%.
• Yahoo Finance described a brief jump in short interest to about 80% of outstanding shares followed by a drop to roughly 12.8%, a sequence that remains disputed.
• Lucid lowered its 2025 production outlook to 18,000 to 20,000 vehicles as analysts stay cautious, with Cantor Fitzgerald reiterating Neutral and setting a $20 price target.