Shares of Opendoor Technologies Inc. ($OPEN) have experienced a notable surge, with the stock rising over 20% on August 18, 2025, and reaching a market capitalization of approximately $2.5 billion. The stock traded more than 400 million shares in a single day, placing it among the top three most actively traded stocks by volume. This rally follows Opendoor's achievement of EBITDA profitability and its avoidance of delisting from the Nasdaq exchange. The company currently has a high short interest of 23%, with utilization near 94%, and 355 million shares on loan, indicating significant short selling activity. Year-to-date, $OPEN is up 137%, outperforming all components of the S&P 500 and Nasdaq-100 indices. Despite this strong performance, the stock remains about 90% below its all-time highs set several years ago. Market participants have described $OPEN as a "cult stock" and compared its turnaround potential to that of Carvana, with some investors anticipating a further rise above $5 per share, potentially reaching $8 to $10. However, the stock has also shown volatility, including a pre-market decline of over 6% on August 20 and an 11% drop on August 21 amid heavy trading volumes. Prominent investors and commentators have highlighted the stock's meme-like qualities but emphasize its underlying business turnaround story. The ongoing market interest is attracting both retail and institutional investors, with discussions about $OPEN featured on financial media platforms such as Bloomberg TV and Schwab Network.