Everyone is worried about the float size here are the numbers. 36% owned by insiders so 329.58 million shares 51.57% owned by institutions at 471.87 Million shares all totaling 801.45 million shares waiting to see some return on investment.
That leaves roughly 113.55 million laying around for retail. With 152 million in short interest and 230 million on loan.
Someone thought it was profitable enough to close out a major put position this morning which means they figured there is not much downside left and after going through fintel filings that was likely susquehanna and or citadel taking profits.
SOFI$SoFi Technologies Inc.(SOFI)$ is ripe for a rocket ride. Shares outstanding may seem large but there is a ton of accumulation right now and short sellers are having a hell of a time trying to crush the price. Loaned almost 20 million in two days and here we are. Barely moved on red market bloody days. Rexholes on another board - had to copy it!
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