SoFi Technologies Calls Muddy Waters Short Report 'Misleading'

2 hours ago 2

Kaustubh Bagalkote

Thu, March 19, 2026 astatine 10:31 AM CDT 2 min read

SoFi Technologies Inc shares stabilized connected Wednesday morning. The determination follows a crisp rebuttal against Muddy Waters Research.

The short-seller released a scathing study connected Tuesday afternoon.

SoFi absorption characterized the claims arsenic a "fundamental deficiency of understanding" of their business. The institution besides signaled intent to "explore imaginable ineligible action" against the firm.

The struggle began Tuesday erstwhile Muddy Waters, led by Carson Block, labeled SoFi a "financial engineering treadmill."

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The study alleged that SoFi's 2025 adjusted EBITDA was inflated by 90%. Muddy Waters suggested the existent fig was $103 cardinal alternatively than the reported $1.05 billion. The study besides questioned indebtedness charge-off rates and "Enron-esque" off-balance-sheet structures.

SoFi claimed the short-seller's study was "designed to deceive investors."

SoFi absorption pointed to Muddy Waters' ain disclosures. The steadfast intended to screen abbreviated positions instantly aft publication. "They basal to nett from their ain misleading report," SoFi added.

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SOFI is trading 5% beneath its 20-day elemental moving mean (SMA) and 29.5% beneath its 100-day SMA, keeping the intermediate inclination pointed down adjacent arsenic the banal tries to base.

Shares are up 45.36% implicit the past 12 months, but they're presently positioned person to their 52-week debased of $8.60 than the 52-week precocious of $32.73.

The RSI is astatine 31.75, which sits successful the little extremity of neutral. Meanwhile, MACD is astatine -1.0767 versus a awesome enactment of -1.1731.

Key Resistance: $18.50
Key Support: $17.00

Photo by Tada Images via Shutterstock

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