Fintech lender SoFi falls after Muddy Waters reveals short position

Fintech lender SoFi Technologies' SOFI.O shares fall 5.2% to $16.72

Muddy Waters Research says it is short the stock; alleges that SOFI is a "financial engineering treadmill, not a healthily growing origination business"

Short seller alleges that SOFI "appears to have a material misstatement of at least $312 million of unrecorded debt"

SOFI did not immediately respond to a request for comment and Reuters could not independently verify the report

9 of 23 brokerages rate the stock "buy" or higher, 10 "hold" and 4 "sell" or lower; median PT $26 - data compiled by LSEG

As of last close, SOFI stock down 32.7% YTD