Opendoor's Shares Face Short Seller Scrutiny Ahead of Crucial Earnings
Opendoor's shares face intense scrutiny as short sellers accumulate a significant stake, with extreme stock market volatility and a crucial earnings release on the horizon. Short sellers now hold 161.12 million shares, representing 25.07% of Opendoor's tradable stock. This marks a 6.91% surge in stock market interest as a percentage of float. The stock has witnessed extraordinary volatility, with 97 price swings exceeding 5% in the past year. Opendoor's third-quarter 2025 results, due on November 6, 2025, are expected to show a revenue decline to about $800–875 million and a negative adjusted EBITDA. This will be a stern test for the company's new leadership and strategic shift away from capital-intensive iBuying toward a KI-first platform.
The earnings release will feature a novel 'Financial Open House' livestream format, allowing investor dialogue with CEO Kaz Nejatian and Interim-CFO Christy Schwartz. Analysts anticipate a loss of around $0.07 per share, making this a pivotal moment for evaluating Opendoor's turnaround efforts and platform strategy. Currently, Opendoor shares are under extreme selling pressure, with traders needing a full day to cover their short positions at current trading volumes.
Opendoor's upcoming earnings release and the high stock market interest highlight the critical state of the company's shares. Investors eagerly await the results to assess the success of the company's strategic shift and new leadership.
