SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 38.4% in September

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 30,300 shares, a decrease of 38.4% from the August 31st total of 49,200 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.8% of the company’s stock are sold short.

SHF Stock Performance

NASDAQ SHFS opened at $6.75 on Friday. The firm has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $3.18. SHF has a twelve month low of $1.84 and a twelve month high of $10.78. The stock has a market cap of $19.71 million, a PE ratio of 1.99 and a beta of 0.92.

SHF (NASDAQ:SHFS) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. SHF had a negative return on equity of 417.35% and a negative net margin of 480.80%.The business had revenue of $1.85 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SHF currently has an average rating of “Sell”.

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.