Looking Into Opendoor Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NYSE:OPEN) has seen a 5.41% increase in its short percent of float since the last report, reaching 13.63% of all shares available for trading. With 74.75 million shares sold short, it would take about 4.06 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment than average within its peer group.
February 06, 2024 | 6:15 pm
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Opendoor Technologies has experienced a significant increase in short interest, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for Opendoor Technologies suggests that investors are becoming more bearish on the stock. This bearish sentiment, reflected in the higher than average short interest compared to its peers, could lead to increased stock price volatility in the short term. However, the impact on the stock price will also depend on broader market conditions and company-specific news.
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