How much short interest is on open door stock?

The short interest in Opendoor Technologies (OPEN) stock has shown significant fluctuations over the recent months. As of the latest data from August 29, 2024, the short percent of float has fallen to 14.79%, with 87.64 million shares sold short. Here are the key points regarding the short interest in Opendoor Technologies: 1. **Short Interest Trends**: Opendoor Technologies has experienced a decrease in short interest over the period from May 1, 2024, to August 29, 2024, where it fell by 3.52%. This indicates a potential shift in market sentiment towards a more bullish outlook. 2. **Comparison with Peers**: When compared to its peers, Opendoor Technologies has a higher percentage of short interest as a percentage of float, with 14.79% compared to the industry average of 5.07%. This suggests that Opendoor Technologies may be more controversial or volatile among investors. 3. **Coverage Days**: The average number of days it would take traders to cover their short positions on Opendoor Technologies' stock is approximately 3.16 days. This is a measure of the liquidity and market depth for the stock. 4. **Market Sentiment**: Short interest can act as an indicator of market sentiment. A decrease in short interest can signal that investors have become more bullish, while an increase can indicate a more bearish sentiment. The recent decline in short interest suggests a possible shift towards a more positive outlook for Opendoor Technologies. In conclusion, Opendoor Technologies currently has a significant level of short interest, which has been decreasing recently, potentially indicating a more favorable market sentiment towards the company.