SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Up 260.3% in April

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 252,355 shares, an increase of 260.3% from the April 15th total of 70,039 shares. Based on an average daily volume of 701,014 shares, the short-interest ratio is presently 0.4 days. Currently, 6.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC purchased a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned about 1.03% of SHF as of its most recent SEC filing. 29.19% of the stock is owned by institutional investors.

SHF Price Performance

Shares of SHFS opened at $0.44 on Thursday. SHF has a 1-year low of $0.38 and a 1-year high of $9.19. The stock has a market cap of $1.97 million, a PE ratio of -0.68 and a beta of 0.84. The firm has a fifty day moving average price of $0.81 and a 200 day moving average price of $1.19.

SHF (NASDAQ:SHFS) last released its quarterly earnings results on Wednesday, April 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $2.06 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SHF has an average rating of “Sell”.

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.