Looking Into Opendoor Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NYSE:OPEN) has seen a 5.94% increase in its short percent of float, now at 15.33%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 5.39%. It would take traders 5.22 days to cover their short positions.
August 05, 2024 | 6:15 pm
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Opendoor Technologies has experienced a 5.94% increase in short interest, now at 15.33% of its float. This suggests a bearish sentiment among investors, as it is higher than the peer group average of 5.39%.
The significant increase in short interest indicates that investors are bearish on Opendoor Technologies. This could lead to downward pressure on the stock price in the short term.
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