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SoFi Technologies Inc (NASDAQ:SOFI) shares are trending higher Monday morning. The Nasdaq is up 0.19% while the S&P 500 has gained 0.13%.
The move follows an announcement from SoFi’s technology arm, Galileo Financial Technologies, regarding the integration of the FedNow Service.
SoFi is now among the first banks allowing members to both send and receive instant payments 24/7.
Short Interest
Short interest in SOFI recently climbed to 165.26 million shares, representing 13.24% of the float, with an average daily volume of 71.01 million shares.
The stock is recovering from a volatile period triggered by a Muddy Waters Research report.
The short-seller labeled …
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