PLUG compared to OPEN

The question of whether Plug Power (PLUG) could experience a short squeeze similar to Opendoor Technologies (OPEN) in 2025 involves analyzing key indicators of short squeeze potential for both companies. A short squeeze typically occurs when a stock with a high percentage of its shares sold short rises sharply in price, forcing short sellers to buy back shares to limit their losses, which further fuels the price increase.

For Plug Power (PLUG), Fintel data reveals several characteristics that could make it susceptible to a short squeeze:

• High Short Interest: PLUG currently has a significant short interest, with 27.91% of its float shorted. This indicates a substantial bearish sentiment among a segment of investors.
• Elevated Borrow Rates: The cost to borrow shares for PLUG has been notable, recently hovering around 7-8%, with a peak of 8.28% on August 22, 2025. High borrow rates increase the cost for short sellers to maintain their positions, potentially pressuring them to cover.
• Days to Cover: PLUG's Days to Cover ratio is 1.96. While this figure is relatively low, suggesting short sellers could cover their positions quickly, a sudden positive catalyst could still trigger rapid covering and price volatility.

Regarding Opendoor Technologies (OPEN), the Fintel data for 2025 shows a history of significant short selling activity, which aligns with the user's premise of a short squeeze.

• High Short Volume: OPEN has consistently shown high short volume ratios throughout 2025, with figures like 36.22% on August 6, 2025, and 44.17% on August 5, 2025. This indicates a strong presence of short sellers in the stock.
• Fluctuating Borrow Rates: Opendoor's borrow rates have also seen spikes, reaching 16.31% on July 28, 2025, for its German listing (DE:25M), and generally remaining elevated around 6-7%. Such high costs can be a significant factor in triggering short covering.

Comparing the two, both stocks exhibit characteristics that could lead to short squeezes, primarily high short interest (or short volume for OPEN) and elevated borrow rates. The key differentiator for a squeeze to materialize in either case would be a strong, unexpected positive catalyst that challenges the bearish thesis and forces short sellers to capitulate.