SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Up 330.6% in September

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 31,000 shares, an increase of 330.6% from the September 15th total of 7,200 shares. Based on an average trading volume of 49,900 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. boosted its position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,998 shares of the company’s stock after purchasing an additional 22,070 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.08% of SHF worth $51,000 at the end of the most recent reporting period. 29.19% of the stock is currently owned by institutional investors.

SHF Stock Down 1.6 %

NASDAQ SHFS traded down $0.01 during trading hours on Thursday, reaching $0.48. 126,634 shares of the company’s stock traded hands, compared to its average volume of 68,536. The firm has a market cap of $26.72 million, a PE ratio of -1.72 and a beta of 0.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.04 and a quick ratio of 1.04. SHF has a 52-week low of $0.44 and a 52-week high of $1.55. The firm has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $0.66.

SHF (NASDAQ:SHFS) last released its earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter. SHF had a net margin of 27.99% and a return on equity of 7.94%. The firm had revenue of $4.04 million during 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.