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

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 126,359 shares, a growth of 285.3% from the January 15th total of 32,799 shares. Based on an average trading volume of 332,189 shares, the short-interest ratio is presently 0.4 days. Approximately 4.7% of the shares of the stock are short sold. Approximately 4.7% of the shares of the stock are short sold. Based on an average trading volume of 332,189 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC bought a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 quarter. Institutional investors own 29.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

SHF Price Performance

Shares of SHFS stock opened at $1.04 on Wednesday. The business has a 50-day moving average of $1.22 and a 200 day moving average of $2.53. SHF has a 1-year low of $0.86 and a 1-year high of $9.19. The stock has a market capitalization of $3.20 million, a PE ratio of -0.85 and a beta of 0.90.

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.