SOFI Continues to Be a Fintech Disruptor

The SOFI stock price fluctuated between $20.28 and $22.81 throughout the trading session with the volume trading being 52M shares, which represented a positive variation when compared to the three months average volume of 24M shares.

The share price of SoFi Technologies, Inc. (NasdaqGS:SOFI) ran up 12.59% to close Tuesday’s market session at $22.62, higher as compared to yesterday’s close which brings the market valuation of the company to $17.98B.

The 52-week high for the SoFi Technologies, Inc.’s shares is $28.26. That puts it -19.96% from that peak but still a massive gain since the share price dropped to a 52-week low of $11.80, while the S&P 500’s share price change was 33%.

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What does the trading volume tell us about the SOFI stock?

During the last trading session, SoFi Technologies, Inc. (NasdaqGS:SOFI) has seen decay in its daily volume. The daily volume was of 24M, while in the last 10 days the average was 17.19M and last three months – 24.33M.

Growing short interest

SoFi Technologies, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 33.93M shares being shorted which translates into 1.27 of a short ratio for SOFI, while in the previous month the shorted shares were 21.06M.

SoFi Technologies, Inc.’s (NasdaqGS:SOFI) financials

With a market cap of $17.98B, SoFi Technologies, Inc. holds total cash of $461.92M that translates into $0.58 per share, while the total debt is of $2.57B.

The company has seen an increase in revenue with a year-over-year quarterly revenue growth percentage of 100.80%. The current revenue is of $799.05M that is $6.26 per share.

This is a great sign for a bright future.