SoFi Technologies Stock: Shorting Above $10 Makes Sense (NASDAQ:SOFI)
Presley Ann/Getty Images Entertainment I believe shorting Sofi Technologies (NASDAQ:SOFI) above the $10 share price makes an abundance of sense. From a valuation perspective, this represents a valuation of more than 3x tangible book value (“TBV”) which is an irrationally exuberant valuation given its ROE profile and cost of capital. Furthermore, if you adjust its…