Here is a rebuttal article on Seeking Alpha in regards to all the negative BOFI one’s (aka the “Shorties”):
Short Sellers Might Soon Get Squeezed Out Of BofI
•These series of articles will emphasis the long case for BofI and refute short sellers thesis. We believe that the short sellers attack is based on inaccuracies and wrong assumptions.
•We believe BofI’s share price is worth well over $40 and that short sellers attacks which resulted a drop in the share price created a tremendous opportunity in BofI’s stock.
•Short sellers already attacked BofI two years ago based on multiple claims which we’ll discuss as background. These claims have been proven wrong by BofI’s results.
•We believe BofI’s relationship with nonbank lenders such as OnDeck is legitimate and so small in terms of business size that BofI doesn’t describe it. We’ll refute shorts sellers claims.
•BofI is highly regulated and being visited by regulators at least one or two times a year by a professional team checking their practices. Wrong doing seems unlikely.