SHF Holdings, Inc. (NASDAQ:SHFS) Stock Short Interest Report for October

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 771,674 shares, an increase of 1,940.4% from the September 30th total of 37,819 shares. Currently, 152.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,833,259 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research note on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, SHF presently has an average rating of “Sell”.

SHF Trading Down 2.8%

Shares of SHFS stock traded down $0.00 on Tuesday, reaching $0.09. 57,579,477 shares of the company’s stock were exchanged, compared to its average volume of 10,909,850. SHF has a 52 week low of $0.07 and a 52 week high of $38.16. The stock has a market capitalization of $49,356.00, a PE ratio of -0.01 and a beta of 0.87. The company’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $6.15.

SHF (NASDAQ:SHFS) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $12.00 by ($12.36). The company had revenue of $1.93 million during the quarter, compared to the consensus estimate of $2.83 billion. SHF had a negative return on equity of 90.25% and a negative net margin of 47.33%.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company specializes in serving an industry that faces challenges accessing traditional banking services because cannabis remains federally illegal, despite state-level legalization in many jurisdictions.

Safe Harbor Financial supports cannabis businesses through banking and financial solutions offered in cooperation with financial institutions, including deposit services, cash management, payment processing and lending-related programs.