SoFi Technologies Calls Muddy Waters Short Report 'Misleading'

Core Viewpoint - SoFi Technologies Inc. is facing scrutiny from Muddy Waters Research, which has issued a report alleging significant accounting issues and inflated financial projections, prompting SoFi to consider legal action against the firm [1][2][3] Group 1: Allegations and Company Response - Muddy Waters claims that SoFi's 2025 adjusted EBITDA is overstated by 90%, suggesting a true figure of $103 million instead of the reported $1.05 billion [2] - SoFi management has characterized the report as a "fundamental lack of understanding" of their business and accused Muddy Waters of attempting to deceive investors for profit [3] Group 2: Stock Performance and Technical Analysis - SoFi shares are currently trading 5% below their 20-day simple moving average (SMA) and 29.5% below their 100-day SMA, indicating a downward trend despite a 45.36% increase over the past 12 months [4] - The stock is closer to its 52-week low of $8.60 than its high of $32.73, with an RSI of 31.75 and a MACD of -1.0767 [4] - During premarket trading, SoFi shares rose by 1.90% to $17.70, with key resistance at $18.50 and support at $17.00 [5]