SHF Holdings, Inc. (NASDAQ:SHFS) Stock Short Interest Report for September

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 37,819 shares, a decrease of 76.5% from the September 15th total of 161,052 shares. Currently, 7.5% of the company’s stock are short sold. Based on an average daily trading volume, of 122,433 shares, the days-to-cover ratio is presently 0.3 days.

SHF Trading Down 5.4%

Shares of SHFS opened at $0.43 on Friday. SHF has a twelve month low of $0.38 and a twelve month high of $53.99. The firm has a market capitalization of $231,660.00, a P/E ratio of -0.04 and a beta of 0.87. The firm’s 50-day moving average is $1.79 and its two-hundred day moving average is $4.42.

SHF (NASDAQ:SHFS) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $12.00 by ($12.36). The firm had revenue of $1.93 million during the quarter, compared to analysts’ expectations of $2.83 billion. SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company specializes in serving an industry that faces challenges accessing traditional banking services because cannabis remains federally illegal, despite state-level legalization in many jurisdictions.

Safe Harbor Financial supports cannabis businesses through banking and financial solutions offered in cooperation with financial institutions, including deposit services, cash management, payment processing and lending-related programs.