SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Update

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,821,847 shares, an increase of 1,299.9% from the May 31st total of 130,141 shares. Approximately 42.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,224,094 shares, the days-to-cover ratio is currently 0.1 days.

SHF Stock Up 4.7%

NASDAQ SHFS traded up $0.01 on Friday, hitting $0.24. The company’s stock had a trading volume of 540,134 shares, compared to its average volume of 9,472,240. The company’s 50-day moving average is $0.51 and its 200 day moving average is $0.85. The firm has a market cap of $1.10 million, a PE ratio of -0.26 and a beta of 0.71. SHF has a 1-year low of $0.22 and a 1-year high of $9.19.

SHF (NASDAQ:SHFS) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.43) EPS for the quarter. The business had revenue of $1.98 million for the quarter. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new position in SHF stock. Checchi Capital Advisers LLC acquired a new position in SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF at the end of the most recent reporting period. Institutional investors own 29.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SHF presently has a consensus rating of “Sell”.

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. 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.