SHF Holdings, Inc. (NASDAQ:SHFS) Stock Short Interest Report for September

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 37,819 shares, a drop of 76.5% from the September 15th total of 161,052 shares. Currently, 7.5% of the company’s stock are short sold. Based on an average daily trading volume, of 122,433 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, SHF currently has a consensus rating of “Sell”.

SHF Price Performance

Shares of SHFS traded down $0.14 during mid-day trading on Tuesday, reaching $0.26. 1,106,350 shares of the company’s stock were exchanged, compared to its average volume of 179,413. The stock has a market capitalization of $140,940.00, a PE ratio of -0.02 and a beta of 0.87. The business’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $4.31. SHF has a 52-week low of $0.25 and a 52-week high of $52.80.

SHF (NASDAQ:SHFS) last announced its earnings results on Friday, August 7th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $12.00 by ($12.36). The business had revenue of $1.93 million during the quarter, compared to analyst estimates of $2.83 billion. SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company specializes in serving an industry that faces challenges accessing traditional banking services because cannabis remains federally illegal, despite state-level legalization in many jurisdictions.

Safe Harbor Financial supports cannabis businesses through banking and financial solutions offered in cooperation with financial institutions, including deposit services, cash management, payment processing and lending-related programs.