Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Increases By 20.5%

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 58,800 shares, an increase of 20.5% from the June 30th total of 48,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 60,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On SHF

An institutional investor recently raised its position in SHF stock. B. Riley Wealth Advisors Inc. increased its position in SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,998 shares of the company’s stock after acquiring an additional 22,070 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.08% of SHF worth $51,000 as of its most recent SEC filing. Institutional investors and hedge funds own 29.19% of the company’s stock.

SHF Stock Performance

Shares of SHF stock traded up $0.03 during trading hours on Tuesday, hitting $0.65. 56,599 shares of the company’s stock traded hands, compared to its average volume of 75,486. SHF has a 12-month low of $0.33 and a 12-month high of $1.55. The stock has a market capitalization of $36.01 million, a price-to-earnings ratio of -2.32 and a beta of 0.16. The company has a fifty day simple moving average of $0.64 and a 200-day simple moving average of $0.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04.

SHF (NASDAQ:SHFS) last announced its earnings results on Monday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter. SHF had a negative return on equity of 50.38% and a negative net margin of 79.25%. The firm had revenue of $4.05 million during the quarter.

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.