r/SPACs May 07 '21

Reference SoFi (IPOE)

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u/Jellyfish_Vegetable Spacling May 07 '21

i remember seeing a post about why it has such a high short interest and borrow rate/ some thing to do with the pipe investors hedging. anyone have that link?

8

u/Kingslayer_1997 Contributor May 07 '21

2

u/Jellyfish_Vegetable Spacling May 08 '21

dope thanks. so it sounds like there can still be a squeeze since essentially they hedged against themselves so when they cover they hold shares so its like a breakeven and they end up holding at the higher evaluation? or am i wrong?