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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100