SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Update
by Doug Wharley · The Cerbat GemSHF Holdings, Inc. (NASDAQ:SHFS – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,821,847 shares, an increase of 1,299.9% from the May 31st total of 130,141 shares. Based on an average daily volume of 16,224,094 shares, the short-interest ratio is presently 0.1 days. Currently, 42.9% of the shares of the company are sold short.
Institutional Investors Weigh In On SHF
An institutional investor recently bought a new position in SHF stock. T3 Companies LLC acquired a new stake in SHF Holdings, Inc. (NASDAQ:SHFS – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SHF presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on SHFS
SHF Trading Down 1.1%
Shares of NASDAQ SHFS traded down $0.00 during mid-day trading on Thursday, hitting $0.23. The company had a trading volume of 822,507 shares, compared to its average volume of 1,757,456. SHF has a 1 year low of $0.22 and a 1 year high of $9.19. The company has a market capitalization of $1.06 million, a price-to-earnings ratio of -0.24 and a beta of 0.71. The stock’s 50-day moving average price is $0.52 and its 200-day moving average price is $0.85.
SHF (NASDAQ:SHFS – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.43) earnings per share (EPS) for the quarter. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.The company had revenue of $1.98 million for the quarter.
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.