https://wccftech.com/lordstown-motors-short-sellers-make-millions-as-share-price-whimpers/

Short sellers betting against Ohio-based electric vehicle manufacturer Lordstown Motors have made significant profits throughout the course of this year. Lordstown, which came to the limelight earlier this year after a report from Hindenburg Research alleged irregularities, aims to manufacture electric trucks and is known for its partnership with General Motors, which has included the company as its Tier 1 supply chain partner. Now, data from S3 Partners reveals that the short sellers had gained $236 million in their bets against the company as of the start of this month.

Lordstown Motors opened with a share price of $20.38, which was already below its all time high price of $29, which the shares had touched in September last year due to investor enthusiasm for its electric truck. However, the stock went on to lose roughly 30% of this later during the year, and all hopes for recovery were dashed this year, especially in the aftermath of Hindenburg Research's shocking report which saw management shakeups at the company.