Opendoor’s stock may be drawing in more bearish bets against it, even as it keeps rising. Here’s why.
1. Opendoor shares are in a volatile rally, climbing 5.3% recently. 2. The stock has surged 929.7% in three months amid heavy short interest. 3. Retail investors rallying around OPEN have triggered a strong 'cult stock' sentiment. 4. S3 Partners indicate a high short squeeze risk with a score of 100. 5. Market sentiment remains mixed; a retracement may occur soon.