NEW YORK, June 30, 2026, 06:03 (EDT)
- Opendoor ended Monday at $4.60, gaining 5.26%, with 78.32 million shares traded. That’s nearly double the 65-day average volume.
- Opendoor traded through its first full session inside the Russell 3000, with inclusion becoming active at Monday’s open.
- As of June 15, short interest was at 153.7 million shares, or 16.08% of the float, MarketBeat data shows.
- Nasdaq-listed shares traded in the premarket at the dateline. Normal hours for Nasdaq run 9:30 a.m. to 4:00 p.m. ET. June 30 isn’t listed as a Nasdaq holiday in 2026.
Opendoor Technologies Inc. NASDAQ:OPEN heads into Tuesday with shorts still crowded even after Monday’s rally and a cleaner index picture, pushing the stock move past typical meme action.
Opendoor ended Monday at $4.60, gaining 23 cents. Trading hit 78.32 million shares, about double the 65-day average, with the price moving from $4.26 to $4.63. Before the bell Tuesday, MarketWatch showed the stock at $4.62, up 0.43%.
| Opendoor tape | Latest figure |
|---|---|
| Monday close | $4.60 |
| Monday change | up 5.26% |
| Monday volume | 78.32 million shares |
| 65-day average volume | 39.07 million shares |
| Monday volume vs average | 200% |
| 52-week range | $0.5267-$10.87 |
The number to watch on Monday was volume. Trading hit about 51% of the 153.7 million shares that were sold short as of June 15. That was also roughly 8% of Opendoor’s 964.7 million outstanding shares in the short-interest data. This doesn’t confirm short covering. But it means there’s now enough index and speculative action in Opendoor to shake up the short side in a single big day.
| Pressure point | Figure | Why investors care |
|---|---|---|
| Shares sold short | 153.7 million | Big short position in the market |
| Short interest as % of float | 16.08% | This is above the typical high-short mark |
| Days to cover | 3.9 | Could drop if trading stays active |
| Monday volume / short interest | ~51% | High volume can swing the trade quickly |
| Dollar value sold short | $708.6 million | It’s a large short compared to a $4.4 billion market cap |
Opendoor said the index trigger is active. On May 27, the company said it was picked for the Russell 3000 in the 2026 reshuffle, with inclusion set after the June 26 close. FTSE Russell said index trading using the new roster started with the June 29 open.
Russell changes mean benchmarked funds have to shift money around. On June 26, Nasdaq, Inc. NASDAQ:NDAQ ran a record $334.0 billion, or 4.59 billion shares, through its Closing Cross for the Russell rebalance. Kevin Kennedy, who heads North American markets at Nasdaq, said Russell reconstitution is “one of the clearest tests” of how the U.S. close works. Nasdaq, Inc.
Opendoor is still proving out its model. Revenue dropped to $720 million in the first quarter from $1.15 billion a year ago. Net loss grew to $173 million, up from $85 million last year. At the end of March, the company held 3,420 homes in inventory, down from 7,080 homes last year, with $1.14 billion in inventory.
| Opendoor operating line | Q1 2026 | Q1 2025 |
|---|---|---|
| Revenue | $720 million | $1.15 billion |
| Net loss | $173 million | $85 million |
| Homes sold | 1,921 | 2,946 |
| Homes purchased | 2,474 | 3,609 |
| Homes in inventory | 3,420 | 7,080 |
| Inventory value | $1.14 billion | $2.36 billion |
Chief Executive Kaz Nejatian is pitching the turnaround as about speed, pointing to faster inventory turns and brushing off any idea of going back to iBuying in its old form. “The machine is working,” Nejatian said in the May earnings release. He said the company’s old inventory has shrunk from “half the book to one-tenth” as acquisitions picked up. Opendoor Technologies Inc.
Opendoor’s business depends on housing trends, so Tuesday’s numbers could hit harder here than for the usual tech stock. Reuters pointed to upcoming U.S. Case-Shiller price data, consumer confidence, and JOLTS as Tuesday’s key items. Lower home prices can squeeze resale spreads for Opendoor, while quicker sales would trim holding costs.
Cost cuts are still a theme. Reuters said earlier this month that Opendoor plans to close its India office and cut all 250 jobs there, moving more work to U.S. teams using more AI. Nejatian said the company wants its operations “in person and close to our customers.” Reuters
Opendoor’s shares jumped 5.26% Monday, leading a group of housing-tech stocks. Zillow Group Inc. NASDAQ:Z added 0.71% to close at $31.38. Rocket Companies Inc. NYSE:RKT rose 3.30% to $15.50. Offerpad Solutions Inc. NYSE:OPAD moved up 1.53% to $4.62, market data showed.
