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

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 178,800 shares, a growth of 490.1% from the September 15th total of 30,300 shares. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 28.2% of the company’s shares are short sold. Currently, 28.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is presently 0.1 days.

SHF Price Performance

SHF stock opened at $3.78 on Friday. The stock’s 50-day moving average is $4.07 and its 200-day moving average is $3.16. The company has a market cap of $11.02 million, a price-to-earnings ratio of 1.11 and a beta of 0.92. SHF has a 12 month low of $1.84 and a 12 month high of $10.53.

SHF (NASDAQ:SHFS) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.33) EPS for the quarter. The firm had revenue of $1.85 million during the quarter. SHF had a negative return on equity of 417.35% and a negative net margin of 480.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SHF in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.