https://wccftech.com/lucid-motors-short-sellers-extend-gains-to-302-million-by-september-start/

According to data from the start of this month, Newark, California-based electric vehicle manufacturer Lucid Motors has rewarded investors betting against its shares with hefty gains through the course of this year. The company aims to target the luxurious high end market segment with its vehicles, and it is. one of the few electric vehicle startups in the United States which aim to take advantage of the growing interest in the market.

Data shared by research firm S3 Partners reveals that by the start of this month, short sellers, who borrow and then sell a company's shares on the market in order to hope to profit from their transactions through a share price decline, saw their gains extend to $302 million. These gains come as Lucid's share price took a downward trend over the past month, aided by the lockup period expiring for some of its shareholders last month, allowing them to sell their holdings.