FYI so people dont get sucked in and burned Opendoor is the latest meme stock. It is up 500% in three weeks with total call open interest has tripled over that time period. Only 22% of its stock is shorted and this seems to have really been triggered and taken off when Eric Jackson a hedge fund manager who almost had to shut down his fund started campaigning on how it could hit $82 a share.
Nothing has fundamentally improved for the company since Jackson’s purchases. Opendoor remains a cash-burning, low-margin business with meager near-term growth prospects.