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

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large increase in short interest in 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. Approximately 6.4% of the company’s stock are sold short. Based on an average daily trading volume, of 701,014 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

SHF Price Performance

SHFS opened at $0.44 on Thursday. SHF has a 12 month low of $0.38 and a 12 month high of $9.19. The stock has a market capitalization of $1.97 million, a price-to-earnings ratio of -0.68 and a beta of 0.84. The business 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 earnings results on Wednesday, April 15th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $2.06 million for the quarter.

Institutional Investors Weigh In On SHF

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

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.