OPEN (Opendoor Technologies)Opendoor Technologies IncBATS:OPENScrollzOpendoor (OPEN) is emerging from a brutal real estate cycle with a leaner, smarter operation and a business model that could thrive as the housing market finds footing. While the company is still working toward consistent profitability, the current setup offers asymmetric upside due to improving fundamentals and a high short interest that could fuel a sustained rally. 1. Positioned to Ride the Next Real Estate Cycle OPEN's iBuyer model was stress-tested through the worst of 2022–2023’s housing headwinds: rising rates, low volume, and margin compression. But now, with mortgage rates potentially peaking and homebuyer demand gradually returning, OPEN is well-positioned to scale again. Inventory controls, smarter pricing algorithms, and a lower cost basis mean they’re entering this phase with greater discipline than during the 2021 boom. 2. Short Interest is a Powder Keg With short interest hovering above 25–30% of float, OPEN has the structural setup for a squeeze. Any catalyst — like a Fed pivot, surprising earnings beat, Zillow partnership expansion, or a positive housing data print — could trigger aggressive short covering. The stock has already shown it can move 10–20% intraday on relatively modest news. If bulls start leaning in, the technical chase higher could be violent. 3. Cost-Cutting + Tech Moat = Path to Profitability Management has aggressively cut costs and moved toward a "marketplace" model, including its Opendoor Exclusives platform, which reduces inventory risk. While still early, the company's tech-driven pricing and transaction platform remains years ahead of traditional agents. In a sector that still relies on phone calls and paperwork, Opendoor has a chance to be the Amazon of home transactions.