Opendoor, Warner Bros. are Most Shorted Stocks After Big Rally
$Opendoor Technologies (OPEN.US)$ shares pulled back Friday after their 80% jump Thursday unleashed a barrage of short positions, making the stock the most shorted, according to exchange data tracked by moomoo.
Trading on Opendoor shares almost tripled Thursday, taking its market capital above $7 billion for the first time in more than three years, after the company named $Shopify (SHOP.US)$ Chief Operating Officer Kasra Nejatian as its new CEO, and announced that its co-founders are returning to the board.
As the stock was climbing, 133.85 million borrowed Opendoor shares were sold short Thursday, up from 30.58 million shares the previous trading session, exchange data tracked by moomoo showed. Shares declined 12:4% to $9.24 at 2:55 p.m. in New York Friday.
Meanwhile, $Warner Bros Discovery (WBD.US)$ saw 63.63 million of borrowed shares sold short Thursday, as the stock rallied as much as 37%. That represented 21.3% of the trading volume that day. The short volume soared from 7.71 million shares a day earlier.
The figure made Warner Bros. the second most shorted stock, according to data tracked by moomoo.
Despite the jump in short volume, Warner Bros. shares jumped another 19% Friday amid reports that $Paramount Skydance (PSKY.US)$ is preparing a bid for the company.
Here's a chart of the stocks with a market cap of at least $5 billion and total short volume of at least 500,000 shares that have seen notable changes Thursday.
Share your thoughts in the comments section. Do you see the short sellers making tons of money with these positions, or is a short squeeze coming? Let your voice be heard by voting below. And if you want to read more columns like this, or see options columns like this one on Alibaba, or this one on Robinhood, follow me here.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
14K
Followers
20
Following
36K
Visitors
Follow
Market Insights
Hot Topics
Trump's 'Taco deal' sparks market rebound : Market rebound sustainable ?
1. If tariffs pause, which sectors benefit first? 2. Trump's "threat-compromise" cycle normalizes—how to hedge across assets?
Moo Options Explorer
Apr 7 17:28
Weekly roundup: Tariff turmoil and recession fears dominate
前世はニワトリ : I wonder if a short squeeze is about to begin.
RDK79 : this is the new profit making system
nBc : Those shorties get a big punch on face yesterday![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
webguybob : this was expected.
105161579 : Do not overlook the closing price.
105161579 : The ticket can be slow after it's finished.
Jamesjinlin : Last time at 7.32, you also said it would trigger a post-trend surge, but in the end, didn't you lose until your wife ran off with someone else? Going short is gambling, and prolonged gambling always results in losses. On the other hand, going long only loses time, not money.
Slay2dudes : ok