$Opendoor Technologies (OPEN.US)$ According to reports, “Ope...
According to reports, “Opendoor Technologies (NYSE: OPEN)'s short listing volume has risen 5.1% since the last report. The company recently reported that it has shorted 77.12 million shares, or 13.82% of all common shares available for trading. Depending on their trading volume, it takes an average of 3.99 days for traders to fill short positions.”
Most of Opendoor's shares are in the hands of institutions and company insiders.
However, the “toxic real estate” (property that lost money) that Opendoor bought before has basically been digested (sold — although there were losses, the company did not cancel the order, and it is also a corporate contract spirit that abides by the principles of the transaction. It can be considered that wherever it falls, it climbs up wherever it falls)
Recently, for the 2017-2019 settlement (before the company went public), the payment was finally paid. This payment was reported as early as 2022's 10K, and the company has already prepared this amount. It won't affect current earnings. Also, there is still plenty of cash that Opendoor can use now. At least for now, they won't go bankrupt because of this money. Moreover, after the company went public, it had a very professional legal and regulatory team. The mistakes made before should have been perfected.
Sooner or later, interest rates will be cut in the foreseeable future.
Personally, I think, based on these circumstances.
Whether you choose to make an empty dessert or let an empty person make your own cuisine, the choice is yours.
Looking forward to the day when “when the mountains are in full bloom, she laughs in the middle” — Opendoor can live up to the expectations of institutions and investors.
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