Mortgage lender Better Home set to double in value over last two sessions

Mortgage lender Better Home & Finance's BETR.O shares surge 35% to $67.83

Stock set to double in value over last two sessions

BETR jumped over 46% in prior session after Hedge fund manager Eric Jackson called it "the Shopify of mortgages" on X.com on Monday and said his company EMJ Capital is long on the stock

The New York-based online mortgage lender is "rebuilding a $15T industry from scratch with AI," Jackson said in his Monday's post

BETR announced a debt restructuring deal with Japan's SoftBank 9984.T in April this year, since then its shares have more than trippled in value as of Friday's close

Shares have also rallied over the past five consecutive sessions

BETR did not immediately respond to Reuters' request for comment

Co went public via a SPAC merger in August 2023; its shares had plummeted over 93% on their debut

Meme stock Opendoor Technologies OPEN.O rallied in July after bullish posts from Jackson

With session's move, BETR up 460% YTD