US Stock Alert | Opendoor Technologies Inc (OPEN.US) Opens Down Over 6% Following Yesterday's Nearly 80% Surge

Stock News

09/12

Following Thursday's closing surge of nearly 80%, Opendoor Technologies Inc (OPEN.US) opened Friday down over 6%, trading at $9.81.

On the news front, based on September 11 trading data, Opendoor's short selling volume surged by 103 million shares, representing a 337.64% increase from the previous trading day. The short selling ratio reached 12.73%, adding increased short pressure on the stock.

Additionally, on September 11, US inflation data showed accelerating consumer inflation rates, raising concerns about the real estate market and the effectiveness of interest rate cuts, which weighed on related stocks.

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