Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Drops By 27.1%

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 58,000 shares, a drop of 27.1% from the March 31st total of 79,600 shares. Based on an average trading volume of 86,100 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

SHF Stock Performance

SHFS traded up $0.02 during trading on Friday, hitting $0.75. The company’s stock had a trading volume of 35,218 shares, compared to its average volume of 73,433. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $0.92. The firm has a market cap of $41.83 million, a PE ratio of -1.99 and a beta of 0.29. SHF has a one year low of $0.33 and a one year high of $1.55.

SHF (NASDAQ:SHFS) last released its earnings results on Monday, April 1st. The company reported $0.01 earnings per share (EPS) for the quarter. SHF had a negative return on equity of 58.15% and a negative net margin of 98.39%. The firm had revenue of $4.48 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,998 shares of the company’s stock after buying an additional 22,070 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.08% of SHF worth $51,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 29.19% of the company’s stock.

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.