SHF (NASDAQ:SHFS) Shares Down 5.9% – Time to Sell?

SHF Holdings, Inc. (NASDAQ:SHFS)’s stock price traded down 5.9% on Tuesday . The stock traded as low as $4.93 and last traded at $5.09. 24,262 shares were traded during mid-day trading, an increase of 322% from the average session volume of 5,753 shares. The stock had previously closed at $5.41.

SHF Stock Performance

The stock’s 50-day simple moving average is $0.57 and its 200 day simple moving average is $0.49. The company has a market capitalization of $283.38 million, a PE ratio of 29.94 and a beta of 0.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83.

Institutional Investors Weigh In On SHF

An institutional investor recently bought a new position in SHF stock. Mariner LLC acquired a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 214,186 shares of the company’s stock, valued at approximately $96,000. Mariner LLC owned about 0.38% of SHF as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 29.19% of the company’s stock.

About SHF

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.