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Wajeeh Khan

SoFi Is Firing Back Against Short Sellers. Should You Buy the Comeback Rally in SOFI Stock Here?

SOFI Anthony Noto Muddy Waters SoFi Technologies

SoFi Technologies (SOFI) shares remain in focus today after the San Francisco-headquartered neobank issued an official response to Muddy Waters’ “inaccurate” short report. At its intraday peak, SOFI was seen trading just under its 20-day moving average (MA), indicating a bullish breakout may be brewing under the surface.

While SoFi stock is still down nearly 36% year-to-date, the aggressive rebuttal of Muddy Waters’ accusations suggests the momentum may soon shift back in favor of the bulls.

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