SoFi Technologies Inc SOFI is capturing investor attention Wednesday afternoon, building on recent positive momentum following signs of a key technical breakout on Tuesday.

What To Know: Last week, the fintech company’s stock gained traction following a bullish presentation at the William Blair Growth Stock Conference. CFO Chris Lapointe outlined ambitious targets, including projections of over $3 billion in adjusted net revenue by 2025 and a long-term annual revenue growth plan of over 25% through 2026.

The company highlighted strong growth in its loan origination business, a substantial increase in deposits to $27 billion, and that fee-based income now constitutes 41% of its revenue.

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This strong fundamental outlook has been coupled with bullish technical signals. A Benzinga report on Tuesday noted the formation of a classic ascending triangle pattern, an indicator suggesting a continuation of the uptrend.

This pattern illustrated a dynamic where sellers held firm near the $14.50 resistance level, but increasingly aggressive buyers were consistently stepping in at higher prices, setting the stage for a breakout.

Price Action: According to data from Benzinga Pro, SoFi has a 13.23% short interest as a percentage of its float. The stock is trading higher by 4.31% to $15.01 Wednesday afternoon.

How To Buy SOFI Stock

By now, you're likely curious about how to participate in the market for SoFi Technologies — be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit off of the share price decline.

According to data from Benzinga Pro, SOFI has a 52-week high of $18.42 and a 52-week low of $6.01. The stock closed Wednesday up 4.66% at $15.06.

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