What's Going On With SoFi Technologies Shares?

SoFi Technologies, Inc. SOFI shares are moving on Monday continuing the recent upward trend and momentum.

What To Know:

Shares of SOFI have gained over 45% in the last three months moving even higher on recent legislative and judicial developments. SOFI stock has seen increased volatility following the recent debt ceiling deal and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. SoFi is a fintech company that provides a variety of financial goods and services, including student loan refinancing.

Retail investors have shown interest in SOFI, and the stock is frequently listed in the top trending tickers on StockTwits and Twitter. SOFI also has considerable short interest with over 15% of available shares currently being sold short, according to data from Benzinga Pro.

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SOFI Price Action: According to Benzinga Pro, SoFi shares are trading 1.62% higher at $8.48 at the time of publication.

Image: Courtesy of SoFi Technologies, Inc.