SoFi Technologies (SOFI) Short Interest Ratio & Short Volume

Short interest is the volume of SoFi Technologies shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 131,000,000 shares of SOFI short. 14.79% of SoFi Technologies' shares are currently sold short. Learn More on SoFi Technologies' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SOFI shares currently have a short interest ratio of 4.0. Learn More on SoFi Technologies's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SoFi Technologies: Walleye Trading LLC, Walleye Capital LLC, GTS Securities LLC, Wolverine Trading LLC, JPMorgan Chase & Co., Capital Markets Trading UK LLP, Nomura Holdings Inc., PEAK6 Investments LLC, Garden State Investment Advisory Services LLC, HAP Trading LLC, Cowen AND Company LLC, Group One Trading L.P., UBS Group AG, HighTower Advisors LLC, Longitude Cayman Ltd., Cutler Group LLC CA, Periscope Capital Inc., MGO One Seven LLC, Belvedere Trading LLC, Clear Harbor Asset Management LLC, Concourse Financial Group Securities Inc., IMC Chicago LLC, National Bank of Canada FI, and Bluefin Capital Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 14.79% of SoFi Technologies' floating shares are currently sold short.

SoFi Technologies saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 131,000,000 shares, an increase of 11.5% from the previous total of 117,490,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

SoFi Technologies currently has issued a total of 958,740,000 shares. Some of SoFi Technologies' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. SoFi Technologies currently has a public float of 885,810,000 shares.

14.79% of SoFi Technologies' shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to SoFi Technologies: Riot Platforms, Inc. (18.54%), Qifu Technology, Inc. (1.70%), APi Group Co. (3.20%), NOV Inc. (3.09%), WEX Inc. (1.83%), Parsons Co. (3.32%), Elastic (5.01%), Core & Main, Inc. (10.69%), FTI Consulting, Inc. (2.77%), Confluent, Inc. (10.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling SOFI is an investing strategy that aims to generate trading profit from SoFi Technologies as its price is falling. SOFI shares are trading up $0.54 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for SoFi Technologies occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SOFI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SOFI, twice per month. The most recent reporting period available is November, 15 2023.