SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 41.1% in February

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

SHF Stock Down 0.7%

Shares of SHFS stock traded down $0.01 during mid-day trading on Friday, reaching $0.94. The stock had a trading volume of 8,945 shares, compared to its average volume of 58,147. SHF has a 1-year low of $0.81 and a 1-year high of $9.19. The business’s fifty day moving average is $1.07 and its 200-day moving average is $2.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SHF currently has an average rating of “Sell”.

Institutional Trading of SHF

A hedge fund recently bought a new stake in SHF stock. T3 Companies LLC purchased a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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.

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.