Opendoor’s Short Squeeze Potential Explained in 60 Seconds

Welcome to Daily Rip Live with Jerremy Newsome as he breaks down Opendoor’s massive short interest and the potential for a short squeeze that has traders buzzing.

Jerremy points out that Opendoor has a 32% short float, drawing comparisons to the GameStop squeeze. After crashing to just $0.50 a month ago, the stock has already 10X’d — and with technical levels breaking, Jerremy explains why $10 a share could still be on the table.

Here’s what went down:

📉 Heavy Selling Volume
Opendoor’s chart has been flooded with selling, but the stock has recently closed above key bear volume levels.

🚀 32% Short Float
With nearly a third of shares sold short, traders are eyeing the setup for a potential squeeze play.

💰 From $0.50 to $5
In just one month, Opendoor went from penny stock territory to a multi-bagger, and the move might not be done yet.

🎯 Targeting $10
Jerremy shares why he thinks $10 is a realistic upside target in the near term, even if the $40 SPAC bubble highs are out of reach.

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