SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher Monday.
What To Know: SoFi stock has been volatile since the U.S. Supreme Court blocked Biden’s student loan forgiveness program. The fintech company, which is involved in student loan refinancing, has fallen almost 10% since the news break, rebounding slightly since reaching a low last Friday.
Substantial short interest has been shown in the stock, with over 15% of available shares currently being sold short, according to data from Benzinga Pro.
SoFi has received several price target changes throughout the month, ranging from $3 to $14.
The company reports second quarter earnings at the end of the month, on July 31, with a conference call scheduled to discuss financial and operating results.
Related Link: S&P 500, Nasdaq 100 Ease As Traders Await CPI Report: What’s Driving Markets Monday
SOFI Price Action: Shares of SOFI were up 5.78% at $8.52 at the time of publication, according to Benzinga Pro.
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