SHF Holdings, Inc. (NASDAQ:SHFS) Shares Shorted: Short Interest Up 270.5% in September

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 161,052 shares, a growth of 270.5% from the August 31st total of 43,463 shares. Based on an average daily volume of 1,315,278 shares, the short-interest ratio is currently 0.1 days. Currently, 2.6% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SHF in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

SHF Stock Performance

SHF stock traded down $0.01 during midday trading on Friday, hitting $0.16. 181,439 shares of the company’s stock were exchanged, compared to its average volume of 939,859. The company has a market cap of $1.01 million, a PE ratio of -0.16 and a beta of 0.79. The firm has a 50-day moving average of $0.17 and a two-hundred day moving average of $0.42. SHF has a 12 month low of $0.14 and a 12 month high of $7.64.

SHF (NASDAQ:SHFS) last announced its earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($1.36). SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%. The company had revenue of $1.93 million for the quarter, compared to the consensus estimate of $2.83 billion.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SHF stock. T3 Companies LLC bought a new position in SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,000 shares of the company’s stock, valued at approximately $57,000. T3 Companies LLC owned about 1.75% of SHF as of its most recent SEC filing. 29.19% of the stock is owned by institutional investors.

About SHF

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides banking and financial services to businesses operating in the regulated cannabis industry. The company offers deposit accounts, cash management, electronic payment and treasury services, and other financial solutions designed to address the specialized compliance and operational needs of cannabis-related businesses.

Safe Harbor Financial also provides lending products, including loans for qualifying cannabis businesses and related enterprises.