SHF Holdings, Inc. (NASDAQ:SHFS) Sees Significant Increase in Short Interest

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 190,963 shares, a growth of 407.2% from the November 30th total of 37,647 shares. Based on an average daily trading volume, of 358,496 shares, the days-to-cover ratio is currently 0.5 days. Approximately 7.0% of the company’s shares are sold short. Approximately 7.0% of the company’s shares are sold short. Based on an average daily trading volume, of 358,496 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SHF in a research report on Monday, December 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SHF currently has an average rating of “Sell”.

SHF Stock Down 3.8%

Shares of SHFS traded down $0.05 during midday trading on Friday, reaching $1.26. The company had a trading volume of 55,150 shares, compared to its average volume of 652,419. The firm has a 50 day simple moving average of $1.93 and a 200-day simple moving average of $2.90. SHF has a 1-year low of $1.09 and a 1-year high of $10.53. The stock has a market cap of $3.87 million, a PE ratio of -1.02 and a beta of 0.87.

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. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.