SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 19.0% in February

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 45,600 shares, a decline of 19.0% from the January 31st total of 56,300 shares. Based on an average daily volume of 221,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

SHF Stock Performance

Shares of SHFS stock traded down $0.02 during trading hours on Thursday, reaching $0.35. 26,563 shares of the company’s stock were exchanged, compared to its average volume of 222,482. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.45. The company has a market cap of $19.49 million, a P/E ratio of 2.06 and a beta of 0.32. SHF has a 1 year low of $0.30 and a 1 year high of $1.01.

Hedge Funds Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Mariner LLC purchased a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 214,186 shares of the company’s stock, valued at approximately $96,000. Mariner LLC owned about 0.38% of SHF as of its most recent SEC filing. Institutional investors own 29.19% of the company’s stock.

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.