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

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 58,800 shares, an increase of 20.5% from the June 30th total of 48,800 shares. Based on an average daily trading volume, of 60,300 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

SHF Trading Up 5.7 %

Shares of SHF stock traded up $0.03 during mid-day trading on Tuesday, hitting $0.65. The stock had a trading volume of 56,599 shares, compared to its average volume of 75,486. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $36.01 million, a P/E ratio of -2.32 and a beta of 0.16. The firm has a 50-day moving average of $0.63 and a two-hundred day moving average of $0.81. SHF has a 12-month low of $0.33 and a 12-month high of $1.55.

SHF (NASDAQ:SHFS) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $4.05 million during the quarter. SHF had a negative net margin of 79.25% and a negative return on equity of 50.38%.

Hedge Funds Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. increased its stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,998 shares of the company’s stock after purchasing an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.08% of SHF worth $51,000 at the end of the most recent reporting period. 29.19% of the stock is currently owned by hedge funds and other institutional investors.

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.