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

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 161,052 shares, an increase of 270.5% from the August 31st total of 43,463 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,315,278 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SHF stock. T3 Companies LLC purchased a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned about 1.75% of SHF at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.19% of the company’s stock.

SHF Price Performance

NASDAQ SHFS opened at $0.16 on Monday. The company has a market cap of $1.02 million, a P/E ratio of -0.16 and a beta of 0.79. SHF has a 12 month low of $0.14 and a 12 month high of $7.64. The company has a 50-day moving average of $0.17 and a 200-day moving average of $0.42.

SHF (NASDAQ:SHFS) last released its earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($1.36). The company had revenue of $1.93 million during the quarter, compared to analysts’ expectations of $2.83 billion. SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SHF presently has an average rating of “Sell”.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides banking and financial services to businesses operating in the regulated cannabis industry. The company offers deposit accounts, cash management, electronic payment and treasury services, and other financial solutions designed to address the specialized compliance and operational needs of cannabis-related businesses.

Safe Harbor Financial also provides lending products, including loans for qualifying cannabis businesses and related enterprises.