Opendoor Attacked By Short Seller—Stock Pops Anyway

Citron Research, led by famed short-seller Andrew Left, targeted Opendoor Technologies, Inc. (NASDAQ:OPEN) in a social media post on Friday. Opendoor investors shrugged off the attack, and the stock climbed. OPEN stock is running again. See the real-time chart here. Citron called Opendoor a "stock promo and a science project in how to burn money" while promoting its more favorable view on loanDepot, Inc. (NYSE:LDI). Read Next: Joby’s 38% Stock Plunge Is Ugly—But The Pentagon Might Be Interested Citron continued bashing Opendoor's business model, saying: "OPEN offers many ways to lose: – No way to capitalize on AI to scale margins or defend share. – Housing is low margin — a 1–2% swing wipes out profits. – Capital heavy — billions tied up in inventory with no guarantee of resale. – Competition — Zillow already tried & failed at this model. – And with its cash burn, expect massive dilution soon. The business model is not broken….it has never worked." Citron will continue to update the market on $LDI and its march higher….but in the meantime let's go back to the roots. Unlike $LDI, which is undervalued and offers many ways to win, $OPEN is nothing more than a stock promo and a science project in how to burn money.$OPEN…— Citron Research (@CitronResearch) September 5, 2025 Opendoor investors largely brushed off the comments as OPEN shares dipped initially, but rebounded quickly. The stock was up by more than 8% on very heavy trading volume Friday, according to data from Benzinga Pro. The retail investor-led rally has driven Opendoor stock up by more than 420% over the past six months. LoanDepot shares also rallied following Friday's posts from Citron Research stating the market is pricing LDI like a "busted originator," ignoring its valuable mortgage servicing division. The firm placed a $5 per share valuation on that division alone, more than double the stock's recent trading price. OPEN Price Action: According to data from Benzinga Pro, Opendoor shares were up 8.27% at $6.45 at the time of publication Friday. Read Next: Looking For The Next Opendoor? Try These 5 Stocks Eric Jackson Holds Photo: Shutterstock