(OPEN) - Analyzing Opendoor Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NYSE:OPEN) has seen a 7.77% increase in its short percent of float, now at 13.17%. This is significantly higher than its peers' average of 5.48%. The company has 76.52 million shares sold short, which would take traders 3.26 days to cover. This rise in short interest could indicate bearish sentiment among investors.
June 06, 2024 | 2:00 pm
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Opendoor Technologies has experienced a 7.77% increase in short interest, now at 13.17%, which is significantly higher than its peers' average of 5.48%. This could indicate bearish sentiment among investors.
The significant increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term.
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