SHF Holdings, Inc. (NASDAQ:SHFS – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 33,758 shares, a drop of 82.3% from the December 15th total of 190,963 shares. Based on an average daily volume of 603,807 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 603,807 shares, the days-to-cover ratio is currently 0.1 days.
SHF Price Performance
SHF stock traded up $0.02 during mid-day trading on Monday, reaching $1.12. The company had a trading volume of 60,584 shares, compared to its average volume of 68,226. The stock’s 50-day simple moving average is $1.49 and its 200-day simple moving average is $2.81. SHF has a 1 year low of $0.98 and a 1 year high of $10.53. The company has a market capitalization of $3.45 million, a P/E ratio of -0.91 and a beta of 0.89.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.
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