SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 19.1% in April

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 70,039 shares, a drop of 19.1% from the March 31st total of 86,614 shares. Based on an average trading volume of 63,803 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Trading of SHF

An institutional investor recently bought a new position in SHF stock. Checchi Capital Advisers LLC bought a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned about 1.03% of SHF as of its most recent SEC filing. 29.19% of the stock is owned by institutional investors and hedge funds.

SHF Price Performance

Shares of SHFS stock traded down $0.02 during trading on Thursday, reaching $0.81. The company had a trading volume of 355,713 shares, compared to its average volume of 203,009. The firm’s 50 day simple moving average is $0.86 and its two-hundred day simple moving average is $1.38. SHF has a one year low of $0.71 and a one year high of $9.19. The company has a market capitalization of $3.64 million, a PE ratio of -1.26 and a beta of 0.92.

SHF (NASDAQ:SHFS) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $2.06 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.