Opendoor, Warner Bros. are Most Shorted Stocks After Big Rally


$Opendoor Technologies Inc(OPEN)$   shares pulled back Friday after their 80% jump Thursday unleashed a barrage of short positions, making the stock the most shorted.

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 $Shopify(SHOP)$   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 showed. Shares declined 12:4% to $9.24 at 2:55 p.m. in New York Friday.

Meanwhile, $Warner Bros. Discovery(WBD)$   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.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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  • OPEN’s 133M shorts—will a short squeeze spark another rally?
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  • Wade Shaw
    ·09-15
    WBD’s up 19% post-shorts—Paramount bid’s real?
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  • Avoid OPEN; Nejatian’s hire won’t fix its core issues.
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  • Short squeeze alert
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