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SoFi shares rise after rebutting short-seller claims of inflated earnings and financial engineering.

Market News
23 Mar 2026
Benzinga
View Source
Neutral
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SoFi Technologies shares gained on Monday following a turbulent week marked by a critical short-seller report from Muddy Waters Research. The report accused SoFi of inflating its 2025 adjusted EBITDA by 90% and using questionable off-balance-sheet structures. SoFi's management strongly denied these allegations, calling them a misunderstanding and a deceptive attempt to mislead investors, and hinted at possible legal action. Despite rising short interest, the stock showed technical signs of a rebound with insider buying activity from the CEO supporting confidence in the company’s outlook.

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