<p><strong>“迷因狂热”</strong> 这个词出现于一些公司在没有明显理由的情况下开始达到天文估值，令许多人一夜之间成为百万富翁，而与其基本面毫无关联。四年后，这种迷因股票的情绪开始重新浮现。然而，2025 年 7 月底，零售交易者所针对的股票有一个主要的不同之处。</p>
<p><strong>Opendoor Technologies Inc. NASDAQ: OPEN</strong> 的股票在过去一个月内上涨了多达 350%，夏季的繁荣使其股价飙升。此次上涨的原因仅仅是小型股之间发生的影响力变动，<strong>Kohl’s Corp. NYSE: KSS</strong> 的股票也在这一热潮中，自己在一周内上涨了 41%。</p>
<p>获取 <strong>Opendoor Technologies</strong> 的提醒：</p>
<p>虽然 Kohl’s 和其他之前的 “迷因股票” 狂热几乎没有可持续的基础，但考虑到 Opendoor 在科技领域的曝光以及在房地产经纪行业中使用人工智能的情况，有理由相信 Opendoor 的股票在未来几个月可能会有所不同。</p>
<h2><strong>Opendoor：革命性产品还是偶然现象？</strong></h2>
<p>现在还为时已晚，无法判断 Opendoor 是否能证明其市场资本化的这种激进升值；然而，一些观点认为，该公司的未来足够光明，至少可以让股票在高位附近维持一段时间。</p>
<p>房地产经纪行业在过去几十年中几乎没有经历任何变化或颠覆。Opendoor 希望通过消除在美国买卖房屋过程中大多数（如果不是全部）中介来改变这一现状。检查这一进展的一种方法是公司的关键绩效指标（KPI）本身。</p>
<p>当投资者审查 Opendoor 最新的季度财务结果时，他们会发现这并不像其近期价格走势所暗示的那样是 “迷因股票”。该商业模式已经完成了 2,946 笔房地产交易，为最新季度创造了高达 <strong>12 亿美元的收入</strong>。</p>
<p>此外，该公司的库存余额为 24 亿美元，平台上有 7,080 套房屋，较去年同期增长了 26%。这些库存数字或收入数据并不是与迷因股票相关的，因此投资者不应急于否定 Opendoor。</p>
<p>Opendoor 不仅仅是一家房地产科技公司，它还作为一家房地产投资基金运营，因为其资产负债表上的大部分资产由实际的房地产库存构成。考虑到房屋销售和抵押贷款数据更接近周期底部，这可能是升值的重要驱动因素。</p>
<h3>Opendoor Technologies Inc. (OPEN) 2025 年 7 月 23 日的价格走势图</h3>
<h2><strong>又一次空头挤压的行情？</strong></h2>
<p>这些迷因股票的一个主要特征是它们的空头头寸占市场整体流通股的比例较高。因此，如果发生激进的上涨（如最近发生的情况），这些空头卖家可能被迫平仓并止损，这涉及到回购股票。</p>
<p>这种额外的买入压力也可能激励新的买入，无论是来自大量零售交易者，还是一些能够为像 Opendoor 这样的小股票提供更基本理论支持的机构买家。截至 2025 年 7 月，<strong>Opendoor 的空头头寸</strong> 占整个公司的流通股的 19%。</p>
<p>换算成美元，这一空头流通股的比例意味着 Opendoor 股票目前有高达 7240 万美元的空头头寸。这一显著金额可能在空头挤压事件最终发生时触发买入压力。</p>
<p>现在，考虑到 Opendoor 在其商业模式中有一些不错的基本面数据，如季度结果所示，投资者注意到一些机构买入并不令人惊讶。截至最近的季度，Opendoor 股票报告了高达 29 万美元的机构买入，此外还有上个季度的 2700 万美元购买。</p>
<p>在这 2700 万美元中，投资者可以发现来自 Vanguard Group 的参与，早在 2025 年 5 月就开始介入。在净持有量仅增加 0.4% 后，Vanguard 现在持有的净头寸高达 8790 万美元，占整个公司的 12%。</p>
<p>这对于像 Vanguard 这样的大型资产管理公司来说并不常见，这表明他们必须看到这个房地产项目的潜力，以及由于他们现在拥有的公司股份的多少，促进更大商业机会的机会，使他们成为 <strong>激进持有者</strong>。</p>
<h2>你现在应该投资 1000 美元在 Opendoor Technologies 吗？</h2>
<p>在考虑 Opendoor Technologies 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场意识到之前立即购买……而 Opendoor Technologies 并不在名单上。</p>
<p>虽然 Opendoor Technologies 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

OPEN

<p>Opendoor Technologies Inc. 的股票经历了显著的上涨，在一个月内上涨了 350%，这与 “迷因股票” 情绪的复苏有关。与之前的迷因股票不同，Opendoor 的增长得益于其创新的房地产技术和强劲的财务表现，包括 12 亿美元的收入和 26% 的库存增长。由于 19% 的股份被做空，潜在的空头挤压可能进一步推动股价上涨。机构投资者的兴趣，特别是来自先锋集团的投资，表明对 Opendoor 商业模式和未来前景的信心</p>

<p>The term <strong>&#34;meme mania&#34;</strong> emerged when companies with no apparent reason to rally began to reach stratospheric valuations, making millionaires overnight with no connection to their fundamentals. Four years later, this meme stock sentiment is starting to resurface. However, there is one main difference in the stocks that were targeted by retail traders to run up in late July 2025.</p>
<div class="lb-trans"><p><strong>“迷因狂热”</strong> 这个词出现于一些公司在没有明显理由的情况下开始达到天文估值，令许多人一夜之间成为百万富翁，而与其基本面毫无关联。四年后，这种迷因股票的情绪开始重新浮现。然而，2025 年 7 月底，零售交易者所针对的股票有一个主要的不同之处。</p>
</div><p>A summer boom has come to hit shares of <strong>Opendoor Technologies Inc. NASDAQ: OPEN</strong>, as the stock has rallied by as much as 350% over the past month alone. The reason for the rally is simply an influential move happening across small-cap stocks, with shares of <strong>Kohl’s Corp. NYSE: KSS</strong> also joining this hype cycle in a one-week rally of 41% of its own.</p>
<div class="lb-trans"><p><strong>Opendoor Technologies Inc. NASDAQ: OPEN</strong> 的股票在过去一个月内上涨了多达 350%，夏季的繁荣使其股价飙升。此次上涨的原因仅仅是小型股之间发生的影响力变动，<strong>Kohl’s Corp. NYSE: KSS</strong> 的股票也在这一热潮中，自己在一周内上涨了 41%。</p>
</div><p>Get <strong>Opendoor Technologies</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>Opendoor Technologies</strong> 的提醒：</p>
</div><p>While Kohl’s and other previous “meme stock” manias had little to no foundations to be sustained into the future, there are reasons to believe that Opendoor stock might be a different case in the coming months, considering its exposure to the technology sector and usage of artificial intelligence within the real estate brokerage industry.</p>
<div class="lb-trans"><p>虽然 Kohl’s 和其他之前的 “迷因股票” 狂热几乎没有可持续的基础，但考虑到 Opendoor 在科技领域的曝光以及在房地产经纪行业中使用人工智能的情况，有理由相信 Opendoor 的股票在未来几个月可能会有所不同。</p>
</div><h2><strong>Opendoor: Revolutionary Product or Fluke?</strong></h2>
<div class="lb-trans"><h2><strong>Opendoor：革命性产品还是偶然现象？</strong></h2>
</div><p>It is too early to tell whether Opendoor can justify this aggressive appreciation in market capitalization; however, some views argue that the company's future is bright enough to at least keep the stock near its highs for a little while longer.</p>
<div class="lb-trans"><p>现在还为时已晚，无法判断 Opendoor 是否能证明其市场资本化的这种激进升值；然而，一些观点认为，该公司的未来足够光明，至少可以让股票在高位附近维持一段时间。</p>
</div><p>The real estate brokerage industry has experienced minimal change or disruption over the past few decades. Opendoor is looking to change that by eliminating most (if not all) middlemen in the process of buying and selling homes across the United States. One way to check for this progress is the company’s key performance indicators (KPIs) themselves.</p>
<div class="lb-trans"><p>房地产经纪行业在过去几十年中几乎没有经历任何变化或颠覆。Opendoor 希望通过消除在美国买卖房屋过程中大多数（如果不是全部）中介来改变这一现状。检查这一进展的一种方法是公司的关键绩效指标（KPI）本身。</p>
</div><p>When investors examine Opendoor's latest quarterly financial results, they can see that this is not as much of a “meme stock&#34; as its recent price action would suggest. This business model has already undergone 2,946 real estate transactions, generating as much as <strong>$1.2 billion in revenue for the latest quarter</strong>.</p>
<div class="lb-trans"><p>当投资者审查 Opendoor 最新的季度财务结果时，他们会发现这并不像其近期价格走势所暗示的那样是 “迷因股票”。该商业模式已经完成了 2,946 笔房地产交易，为最新季度创造了高达 <strong>12 亿美元的收入</strong>。</p>
</div><p>Furthermore, the company’s inventory balance closed at $2.4 billion, driven by 7,080 homes on the platform, representing a 26% increase compared to the same quarter last year. These are not the sort of inventory numbers or revenue figures that would be tied to a meme stock, per se, so investors shouldn’t be so quick to dismiss Opendoor just yet.</p>
<div class="lb-trans"><p>此外，该公司的库存余额为 24 亿美元，平台上有 7,080 套房屋，较去年同期增长了 26%。这些库存数字或收入数据并不是与迷因股票相关的，因此投资者不应急于否定 Opendoor。</p>
</div><p>More than just being a real estate technology company, Opendoor also operates as a real estate investment fund, as most of its assets on the balance sheet are represented by actual real estate inventory. Considering that home sales and mortgage data are closer to the bottom of the cycle than anywhere else, this could be a significant driver of appreciation.</p>
<div class="lb-trans"><p>Opendoor 不仅仅是一家房地产科技公司，它还作为一家房地产投资基金运营，因为其资产负债表上的大部分资产由实际的房地产库存构成。考虑到房屋销售和抵押贷款数据更接近周期底部，这可能是升值的重要驱动因素。</p>
</div><h3>Opendoor Technologies Inc. (OPEN) Price Chart for Wednesday, July, 23, 2025</h3>
<div class="lb-trans"><h3>Opendoor Technologies Inc. (OPEN) 2025 年 7 月 23 日的价格走势图</h3>
</div><h2><strong>Another Short Squeeze Run?</strong></h2>
<div class="lb-trans"><h2><strong>又一次空头挤压的行情？</strong></h2>
</div><p>One main characteristic of these meme stocks is that they carry a high short interest as a percentage of the overall share float in the market. Therefore, if an aggressive up move happens (such as it recently has), then these short sellers could be forced to close their positions and cut losses, which involves buying back the stock.</p>
<div class="lb-trans"><p>这些迷因股票的一个主要特征是它们的空头头寸占市场整体流通股的比例较高。因此，如果发生激进的上涨（如最近发生的情况），这些空头卖家可能被迫平仓并止损，这涉及到回购股票。</p>
</div><p>That additional buying pressure could also incentivize new buying, whether from a mass of retail traders or even some institutional buyers who can justify a more fundamental thesis behind a small stock like Opendoor. As of July 2025, <strong>Opendoor’s short interest</strong> represented up to 19% of the entire company’s float.</p>
<div class="lb-trans"><p>这种额外的买入压力也可能激励新的买入，无论是来自大量零售交易者，还是一些能够为像 Opendoor 这样的小股票提供更基本理论支持的机构买家。截至 2025 年 7 月，<strong>Opendoor 的空头头寸</strong> 占整个公司的流通股的 19%。</p>
</div><p>Translated into dollar terms, this percentage of short float would mean that up to $72.4 million is currently being held in short positions for Opendoor stock. This significant amount could trigger buying pressure if the short squeeze event ultimately occurs.</p>
<div class="lb-trans"><p>换算成美元，这一空头流通股的比例意味着 Opendoor 股票目前有高达 7240 万美元的空头头寸。这一显著金额可能在空头挤压事件最终发生时触发买入压力。</p>
</div><p>Now, considering that Opendoor has some decent fundamental figures in its business model, as seen in the quarterly results, it shouldn’t come as a surprise to investors to notice some institutional buying. As of the most recent quarter, Opendoor stock reported up to $290,000 worth of institutional buying, in addition to the $27 million purchased last quarter.</p>
<div class="lb-trans"><p>现在，考虑到 Opendoor 在其商业模式中有一些不错的基本面数据，如季度结果所示，投资者注意到一些机构买入并不令人惊讶。截至最近的季度，Opendoor 股票报告了高达 29 万美元的机构买入，此外还有上个季度的 2700 万美元购买。</p>
</div><p>Within that $27 million, investors can find those from the Vanguard Group getting involved as early as May 2025. After a boost of only 0.4% in net holdings, Vanguard now holds a net position worth up to $87.9 million to own 12% of the entire company.</p>
<div class="lb-trans"><p>在这 2700 万美元中，投资者可以发现来自 Vanguard Group 的参与，早在 2025 年 5 月就开始介入。在净持有量仅增加 0.4% 后，Vanguard 现在持有的净头寸高达 8790 万美元，占整个公司的 12%。</p>
</div><p>This isn’t a common stance for an asset manager as large as Vanguard, which indicates they must see the potential in this real estate venture as well as the opportunity for stewardship to foster a bigger business opportunity, given how much of the company they now own, making them an <strong>activist holder</strong>.</p>
<div class="lb-trans"><p>这对于像 Vanguard 这样的大型资产管理公司来说并不常见，这表明他们必须看到这个房地产项目的潜力，以及由于他们现在拥有的公司股份的多少，促进更大商业机会的机会，使他们成为 <strong>激进持有者</strong>。</p>
</div><h2>Should You Invest $1,000 in Opendoor Technologies Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 Opendoor Technologies 吗？</h2>
</div><p>Before you consider Opendoor Technologies, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 Opendoor Technologies 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Opendoor Technologies wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场意识到之前立即购买……而 Opendoor Technologies 并不在名单上。</p>
</div><p>While Opendoor Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Opendoor Technologies 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Opendoor Technologies 的上涨背后是什么原因？模因狂热是否卷土重来？