Are You Tempted to Short $SOFI?
I am not suggesting any kind of action here. I saw on a forum that the short interest on $SOFI was pretty high (over 10%). Some people like to use that as a line in the sand for potential short squeezes.
I tweeted a post about why that isn't always a good idea. $SOFI may have reasons to propel higher, but the short selling may have less to do with it than maybe some of the business's initiatives.
Another is possible, of course. But it won't really be that easy to tell (other than what the financial spin doctors suggest.) It's not impossible to know, but the data will lag (FINRA reports) and people will have already declared their narratives before the real reasons emerge.
u/techhound — 10 days ago