SHF Holdings, Inc. (NASDAQ:SHFS – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 252,355 shares, a growth of 260.3% from the April 15th total of 70,039 shares. Currently, 6.4% of the shares of the company are sold short. Based on an average trading volume of 701,014 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On SHF
A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC acquired a new position in SHF Holdings, Inc. (NASDAQ:SHFS – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF as of its most recent SEC filing. Institutional investors and hedge funds own 29.19% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SHF presently has a consensus rating of “Sell”.
SHF Stock Performance
SHFS stock traded up $0.03 during trading on Friday, hitting $0.46. The company had a trading volume of 110,483 shares, compared to its average volume of 560,439. The business has a 50 day moving average of $0.79 and a 200 day moving average of $1.16. SHF has a fifty-two week low of $0.38 and a fifty-two week high of $9.19.
SHF (NASDAQ:SHFS – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.43) earnings per share for the quarter. The company had revenue of $1.98 million for the quarter.
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.
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