Opendoor, Warner Bros. are Most Shorted Stocks After Big Rally
$Opendoor Technologies Inc(OPEN)$
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 $Shopify(SHOP)$
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 showed. Shares declined 12:4% to $9.24 at 2:55 p.m. in New York Friday.
Meanwhile, $Warner Bros. Discovery(WBD)$
The figure made Warner Bros. the second most shorted stock.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.
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