SoFi Technologies rises day after short seller Muddy Waters' report

SoFi Technologies

18/03/2026 14:55

** Shares of Fintech lender SoFi Technologies SOFI.O rise 2% to $17.71

** Stock closed down 1.5% on Tuesday after Muddy Waters Research revealed its short position in co

** SOFI late on Tuesday disputed short seller Muddy Waters' report and said it was considering legal action

** SOFI CEO Anthony Noto also scooped up $500,516 worth of the firm's shares on Tuesday

** Insider buying is generally seen as a strong bullish signal as executives may have a clearer view of the company's outlook

** 9 of 23 brokerages rate the stock "buy" or higher, 10 "hold" and four "sell" or lower; median PT $25 - data compiled by LSEG

** As of last close, SOFI down 33.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))