SoFi Technologies Stock Forms A Trend
The traders may like SoFi for its short squeeze potential. SoFi has a float of 614.66 million shares with high ownership levels. 51.45% of the stock’s available shares are locked up with insiders owning 26.15% and institutions 25.30%. Although SoFi has just 3.4% (21.06 million) of its float held short, that number has increased from 13.73 million in August.
We may be in for a squeeze on the shorts play very very soon.$SoFi Technologies Inc.(SOFI)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments