Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Decreases By 92.1%

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 143,592 shares, a drop of 92.1% from the June 15th total of 1,821,847 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 879,376 shares, the short-interest ratio is currently 0.2 days.

SHF Price Performance

Shares of NASDAQ SHFS traded down $0.02 during mid-day trading on Friday, hitting $0.21. The stock had a trading volume of 1,296,062 shares, compared to its average volume of 8,366,612. The company has a 50 day moving average of $0.38 and a two-hundred day moving average of $0.76. SHF has a twelve month low of $0.18 and a twelve month high of $9.19.

SHF (NASDAQ:SHFS) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.43) earnings per share for the quarter. The business had revenue of $1.98 million during the quarter. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in SHF stock. T3 Companies LLC purchased a new position in SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned 1.75% of SHF at the end of the most recent quarter. 29.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

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.