SHF Holdings, Inc. (NASDAQ:SHFS) Sees Large Decrease in Short Interest

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 7,200 shares, a drop of 68.6% from the August 31st total of 22,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 51,900 shares, the days-to-cover ratio is presently 0.1 days.

SHF Stock Down 0.0 %

Shares of SHFS traded down $0.00 during midday trading on Wednesday, reaching $0.53. 74,883 shares of the stock were exchanged, compared to its average volume of 68,873. The company has a market capitalization of $29.37 million, a P/E ratio of -1.89 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. SHF has a 52 week low of $0.51 and a 52 week high of $1.55. The company’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.69.

SHF (NASDAQ:SHFS) last issued its earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter. SHF had a net margin of 27.99% and a return on equity of 7.94%. The company had revenue of $4.04 million for the quarter.

Institutional Investors Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. grew its holdings in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,998 shares of the company’s stock after purchasing an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.08% of SHF worth $51,000 at the end of the most recent quarter. 29.19% of the stock is owned by hedge funds and other institutional investors.

SHF Company Profile

SHF Holdings, Inc, through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.