<p><strong>“迷因狂熱”</strong> 這個詞出現於一些公司在沒有明顯理由的情況下開始達到天文估值，令許多人一夜之間成為百萬富翁，而與其基本面毫無關聯。四年後，這種迷因股票的情緒開始重新浮現。然而，2025 年 7 月底，零售交易者所針對的股票有一個主要的不同之處。</p>
<p><strong>Opendoor Technologies Inc. NASDAQ: OPEN</strong> 的股票在過去一個月內上漲了多達 350%，夏季的繁榮使其股價飆升。此次上漲的原因僅僅是小型股之間發生的影響力變動，<strong>Kohl’s Corp. NYSE: KSS</strong> 的股票也在這一熱潮中，自己在一週內上漲了 41%。</p>
<p>獲取 <strong>Opendoor Technologies</strong> 的提醒：</p>
<p>雖然 Kohl’s 和其他之前的 “迷因股票” 狂熱幾乎沒有可持續的基礎，但考慮到 Opendoor 在科技領域的曝光以及在房地產經紀行業中使用人工智能的情況，有理由相信 Opendoor 的股票在未來幾個月可能會有所不同。</p>
<h2><strong>Opendoor：革命性產品還是偶然現象？</strong></h2>
<p>現在還為時已晚，無法判斷 Opendoor 是否能證明其市場資本化的這種激進升值；然而，一些觀點認為，該公司的未來足夠光明，至少可以讓股票在高位附近維持一段時間。</p>
<p>房地產經紀行業在過去幾十年中幾乎沒有經歷任何變化或顛覆。Opendoor 希望通過消除在美國買賣房屋過程中大多數（如果不是全部）中介來改變這一現狀。檢查這一進展的一種方法是公司的關鍵績效指標（KPI）本身。</p>
<p>當投資者審查 Opendoor 最新的季度財務結果時，他們會發現這並不像其近期價格走勢所暗示的那樣是 “迷因股票”。該商業模式已經完成了 2,946 筆房地產交易，為最新季度創造了高達 <strong>12 億美元的收入</strong>。</p>
<p>此外，該公司的庫存餘額為 24 億美元，平台上有 7,080 套房屋，較去年同期增長了 26%。這些庫存數字或收入數據並不是與迷因股票相關的，因此投資者不應急於否定 Opendoor。</p>
<p>Opendoor 不僅僅是一家房地產科技公司，它還作為一家房地產投資基金運營，因為其資產負債表上的大部分資產由實際的房地產庫存構成。考慮到房屋銷售和抵押貸款數據更接近週期底部，這可能是升值的重要驅動因素。</p>
<h3>Opendoor Technologies Inc. (OPEN) 2025 年 7 月 23 日的價格走勢圖</h3>
<h2><strong>又一次空頭擠壓的行情？</strong></h2>
<p>這些迷因股票的一個主要特徵是它們的空頭頭寸佔市場整體流通股的比例較高。因此，如果發生激進的上漲（如最近發生的情況），這些空頭賣家可能被迫平倉並止損，這涉及到回購股票。</p>
<p>這種額外的買入壓力也可能激勵新的買入，無論是來自大量零售交易者，還是一些能夠為像 Opendoor 這樣的小股票提供更基本理論支持的機構買家。截至 2025 年 7 月，<strong>Opendoor 的空頭頭寸</strong> 佔整個公司的流通股的 19%。</p>
<p>換算成美元，這一空頭流通股的比例意味着 Opendoor 股票目前有高達 7240 萬美元的空頭頭寸。這一顯著金額可能在空頭擠壓事件最終發生時觸發買入壓力。</p>
<p>現在，考慮到 Opendoor 在其商業模式中有一些不錯的基本面數據，如季度結果所示，投資者注意到一些機構買入並不令人驚訝。截至最近的季度，Opendoor 股票報告了高達 29 萬美元的機構買入，此外還有上個季度的 2700 萬美元購買。</p>
<p>在這 2700 萬美元中，投資者可以發現來自 Vanguard Group 的參與，早在 2025 年 5 月就開始介入。在淨持有量僅增加 0.4% 後，Vanguard 現在持有的淨頭寸高達 8790 萬美元，佔整個公司的 12%。</p>
<p>這對於像 Vanguard 這樣的大型資產管理公司來説並不常見，這表明他們必須看到這個房地產項目的潛力，以及由於他們現在擁有的公司股份的多少，促進更大商業機會的機會，使他們成為 <strong>激進持有者</strong>。</p>
<h2>你現在應該投資 1000 美元在 Opendoor Technologies 嗎？</h2>
<p>在考慮 Opendoor Technologies 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場意識到之前立即購買……而 Opendoor Technologies 並不在名單上。</p>
<p>雖然 Opendoor Technologies 目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票</p>

OPEN

<p>Opendoor Technologies Inc. 的股票經歷了顯著的上漲，在一個月內上漲了 350%，這與 “迷因股票” 情緒的復甦有關。與之前的迷因股票不同，Opendoor 的增長得益於其創新的房地產技術和強勁的財務表現，包括 12 億美元的收入和 26% 的庫存增長。由於 19% 的股份被做空，潛在的空頭擠壓可能進一步推動股價上漲。機構投資者的興趣，特別是來自先鋒集團的投資，表明對 Opendoor 商業模式和未來前景的信心</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>“迷因狂熱”</strong> 這個詞出現於一些公司在沒有明顯理由的情況下開始達到天文估值，令許多人一夜之間成為百萬富翁，而與其基本面毫無關聯。四年後，這種迷因股票的情緒開始重新浮現。然而，2025 年 7 月底，零售交易者所針對的股票有一個主要的不同之處。</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> 的股票在過去一個月內上漲了多達 350%，夏季的繁榮使其股價飆升。此次上漲的原因僅僅是小型股之間發生的影響力變動，<strong>Kohl’s Corp. NYSE: KSS</strong> 的股票也在這一熱潮中，自己在一週內上漲了 41%。</p>
</div><p>Get <strong>Opendoor Technologies</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <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>雖然 Kohl’s 和其他之前的 “迷因股票” 狂熱幾乎沒有可持續的基礎，但考慮到 Opendoor 在科技領域的曝光以及在房地產經紀行業中使用人工智能的情況，有理由相信 Opendoor 的股票在未來幾個月可能會有所不同。</p>
</div><h2><strong>Opendoor: Revolutionary Product or Fluke?</strong></h2>
<div class="lb-trans"><h2><strong>Opendoor：革命性產品還是偶然現象？</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>現在還為時已晚，無法判斷 Opendoor 是否能證明其市場資本化的這種激進升值；然而，一些觀點認為，該公司的未來足夠光明，至少可以讓股票在高位附近維持一段時間。</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>房地產經紀行業在過去幾十年中幾乎沒有經歷任何變化或顛覆。Opendoor 希望通過消除在美國買賣房屋過程中大多數（如果不是全部）中介來改變這一現狀。檢查這一進展的一種方法是公司的關鍵績效指標（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>當投資者審查 Opendoor 最新的季度財務結果時，他們會發現這並不像其近期價格走勢所暗示的那樣是 “迷因股票”。該商業模式已經完成了 2,946 筆房地產交易，為最新季度創造了高達 <strong>12 億美元的收入</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，該公司的庫存餘額為 24 億美元，平台上有 7,080 套房屋，較去年同期增長了 26%。這些庫存數字或收入數據並不是與迷因股票相關的，因此投資者不應急於否定 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 不僅僅是一家房地產科技公司，它還作為一家房地產投資基金運營，因為其資產負債表上的大部分資產由實際的房地產庫存構成。考慮到房屋銷售和抵押貸款數據更接近週期底部，這可能是升值的重要驅動因素。</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 日的價格走勢圖</h3>
</div><h2><strong>Another Short Squeeze Run?</strong></h2>
<div class="lb-trans"><h2><strong>又一次空頭擠壓的行情？</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>這些迷因股票的一個主要特徵是它們的空頭頭寸佔市場整體流通股的比例較高。因此，如果發生激進的上漲（如最近發生的情況），這些空頭賣家可能被迫平倉並止損，這涉及到回購股票。</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>這種額外的買入壓力也可能激勵新的買入，無論是來自大量零售交易者，還是一些能夠為像 Opendoor 這樣的小股票提供更基本理論支持的機構買家。截至 2025 年 7 月，<strong>Opendoor 的空頭頭寸</strong> 佔整個公司的流通股的 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>換算成美元，這一空頭流通股的比例意味着 Opendoor 股票目前有高達 7240 萬美元的空頭頭寸。這一顯著金額可能在空頭擠壓事件最終發生時觸發買入壓力。</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>現在，考慮到 Opendoor 在其商業模式中有一些不錯的基本面數據，如季度結果所示，投資者注意到一些機構買入並不令人驚訝。截至最近的季度，Opendoor 股票報告了高達 29 萬美元的機構買入，此外還有上個季度的 2700 萬美元購買。</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>在這 2700 萬美元中，投資者可以發現來自 Vanguard Group 的參與，早在 2025 年 5 月就開始介入。在淨持有量僅增加 0.4% 後，Vanguard 現在持有的淨頭寸高達 8790 萬美元，佔整個公司的 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>這對於像 Vanguard 這樣的大型資產管理公司來説並不常見，這表明他們必須看到這個房地產項目的潛力，以及由於他們現在擁有的公司股份的多少，促進更大商業機會的機會，使他們成為 <strong>激進持有者</strong>。</p>
</div><h2>Should You Invest $1,000 in Opendoor Technologies Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在 Opendoor Technologies 嗎？</h2>
</div><p>Before you consider Opendoor Technologies, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 Opendoor Technologies 之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場意識到之前立即購買……而 Opendoor Technologies 並不在名單上。</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>雖然 Opendoor Technologies 目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票</p>
</div>

Opendoor Technologies 的上漲背後是什麼原因？模因狂熱是否捲土重來？