SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 60.0% in July

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 68,435 shares, a drop of 60.0% from the July 15th total of 171,172 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 257,791 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On SHF

An institutional investor recently bought a new position in SHF stock. T3 Companies LLC bought a new stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned 1.75% of SHF at the end of the most recent quarter. 29.19% of the stock is currently owned by institutional investors and hedge funds.

SHF Stock Performance

SHF stock opened at $0.17 on Friday. SHF has a one year low of $0.17 and a one year high of $9.19. The stock has a fifty day moving average of $0.23 and a 200 day moving average of $0.60. The stock has a market cap of $1.12 million, a PE ratio of -0.17 and a beta of 0.81.

SHF (NASDAQ:SHFS) last announced its earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($1.36). The firm had revenue of $1.93 million during the quarter, compared to analysts’ expectations of $2.83 billion. SHF had a negative return on equity of 86.50% and a negative net margin of 47.33%.

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.