Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Declines By 82.3%

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 33,758 shares, a drop of 82.3% from the December 15th total of 190,963 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 603,807 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 603,807 shares, the short-interest ratio is currently 0.1 days. Approximately 1.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

SHF Trading Up 1.8%

SHFS stock opened at $1.12 on Tuesday. The firm has a 50 day moving average of $1.46 and a 200-day moving average of $2.80. The firm has a market capitalization of $3.45 million, a P/E ratio of -0.91 and a beta of 0.89. SHF has a 12 month low of $0.98 and a 12 month high of $10.53.

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. 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.