Opendoor (OPEN) And Offerpad (OPAD) Spike In After-Hours Trading: What’s Going On?

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Opendoor Technologies Inc. (NASDAQ:OPEN) shares are trending on Tuesday night.

OPEN edged higher in after-hours trading on Tuesday, rising 2.11% to $5.56. The late session surge followed a regular session gain of 1.87% to $5.45, according to Benzinga Pro data.

Tuesday’s session saw volume hit 77.04 million shares, which is more than double its 36.19 million average, while short interest sits at an elevated 14.4%.

The stock of the California-based technology-enabled real estate company is part of a broader meme stock mania, alongside Avis Budget Group (NASDAQ:CAR) and Lucid Group (NASDAQ:LCID), as short sellers face pressure across …

Full story available on Benzinga.com

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