10 Most Shorted Stocks Right Now

8. Lucid Group Inc. (NASDAQ:LCID)

Short Interest as % of Float: 29.2%

Market Cap: $6.1 Billion

Number of Hedge Fund Holders: 27

Lucid Group Inc. (NASDAQ:LCID) is one of the most shorted stocks right now. Lucid’s share price has halved over the last year and is down over 34% this year. The near-term headwinds in the electric vehicle (EV) industry have intensified in recent months, and the market is largely on the sidelines until growth picks up pace.

On August 29, Stifel analyst Stephen Gengaro reiterated his cautious view with a Hold rating, but lowered his price target to $2.10 from $3.00.

While Lucid Group Inc. (NASDAQ:LCID) reported modestly better-than-expected revenue for Q2 2025, its profitability was weaker than expected, which the analyst believes hints at the company’s inability to contain costs. Lucid CFO Taoufiq Boussaid’s plan to shore up profits partly rests on higher volumes, which should help the company spread its fixed costs.

However, the company’s recently provided outlook was not encouraging as well. Lucid Group Inc. (NASDAQ:LCID) has reduced its production outlook for 2025 to 18,000-20,000 vehicles, down from its initial target of 20,000 vehicles, which signals market volatility and softer demand for the overall electric vehicle industry, according to the analyst.

The EV industry is facing a range of headwinds, including the loss of consumer tax credits, the imposition of high tariffs on imports of auto parts, and the removal of emission fines for manufacturers of gasoline-powered vehicles.

That said, Gengaro praised Lucid Group Inc. (NASDAQ:LCID) for its excellent technology and products, especially the Air sedan and the Gravity SUV, which means that the analyst’s cautious view is driven more by near-term headwinds. He also pointed out that the company may need additional funding to fuel its growth over the coming years.

Lucid Group Inc. (NASDAQ:LCID) is an electric vehicle manufacturer specializing in luxury electric cars. The company is known for its high-performance vehicles with advanced battery technology.