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

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 122,106 shares, an increase of 64.1% from the February 12th total of 74,419 shares. Based on an average trading volume of 34,708 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.5% of the company’s stock are sold short. Currently, 4.5% of the company’s stock are sold short. Based on an average trading volume of 34,708 shares, the days-to-cover ratio is presently 3.5 days.

SHF Stock Down 1.2%

Shares of SHFS traded down $0.01 during midday trading on Friday, hitting $0.82. The company had a trading volume of 15,658 shares, compared to its average volume of 147,388. The stock has a market cap of $2.53 million, a price-to-earnings ratio of -0.67 and a beta of 0.92. The company’s 50 day moving average price is $1.01 and its 200 day moving average price is $2.25. SHF has a 52 week low of $0.72 and a 52 week high of $9.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC acquired a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned approximately 1.03% of SHF as of its most recent SEC filing. Institutional investors and hedge funds own 29.19% of the company’s stock.

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.