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

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 58,000 shares, a decline of 27.1% from the March 31st total of 79,600 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 86,100 shares, the short-interest ratio is currently 0.7 days.

SHF Price Performance

SHFS stock traded up $0.02 during trading on Friday, hitting $0.75. 35,218 shares of the company’s stock traded hands, compared to its average volume of 73,433. SHF has a 52 week low of $0.33 and a 52 week high of $1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.98 and a current ratio of 0.98. The business has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.92. The stock has a market capitalization of $41.83 million, a price-to-earnings ratio of -1.99 and a beta of 0.29.

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

Institutional Investors Weigh In On SHF

An institutional investor recently raised its position in SHF stock. B. Riley Wealth Advisors Inc. grew its stake in SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 approximately 0.08% of SHF worth $51,000 as of its most recent SEC filing. 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.