(OPEN) - Analyzing Opendoor Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NYSE:OPEN) has seen a 6.3% decrease in its short percent of float since the last report, with 72.24 million shares sold short, representing 12.95% of its available trading shares. This decrease in short interest could indicate a more bullish sentiment towards OPEN among investors. The company's short interest is significantly higher than its peer group average of 6.36%, suggesting more bearish sentiment compared to its peers.
May 01, 2024 | 1:00 pm
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Opendoor Technologies has experienced a decrease in short interest, which could indicate a shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. For Opendoor Technologies, this could mean a short-term increase in stock price as the market sentiment shifts. However, the company's short interest is still higher than its peers, indicating mixed sentiment.
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