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

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 74,419 shares, a decrease of 41.1% from the January 29th total of 126,359 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 79,391 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 79,391 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SHF currently has a consensus rating of “Sell”.

SHF Trading Up 0.8%

SHFS traded up $0.01 on Monday, hitting $0.92. 14,511 shares of the company’s stock were exchanged, compared to its average volume of 129,773. The firm has a market cap of $2.84 million, a PE ratio of -0.75 and a beta of 0.92. The stock has a fifty day moving average of $1.07 and a two-hundred day moving average of $2.37. SHF has a twelve month low of $0.81 and a twelve month high of $9.19.

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. T3 Companies LLC purchased a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned 1.75% of SHF as of its most recent filing with the Securities and Exchange Commission. 29.19% of the stock is owned by hedge funds and other institutional investors.

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. 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.