SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher Friday, and shares are up 6.5% for the week.
What To Know:
SoFi Technologies is gaining the attention of investors as student loan repayment is set to restart on Oct. 1. SoFi is a refinancer of student loans and may see an uptick in revenue when repayment begins as borrowers may choose to refinance their loans in search of a lower payment.
Shares of SOFI are moving on above-average trading volume Friday. According to Benzinga Pro, more than 13.5 million shares have been traded in the session, compared to the stock’s 100-day average of 35.608 million shares.
SoFi Technologies stock has garnered attention from retail investors and short-sellers alike. SOFI is one of the top trending tickers on Yahoo! Finance and 11.73% of SOFI shares are being sold short, according to data from Benzinga Pro.
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SOFI Price Action: According to Benzinga Pro, SoFi Technologies shares are up 4% at $8.09 at the time of publication.
Image: u_fctgpchzau from Pixabay
