Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Drops By 44.0%

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 56,300 shares, a drop of 44.0% from the January 15th total of 100,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 232,700 shares, the days-to-cover ratio is currently 0.2 days.

SHF Stock Performance

NASDAQ:SHFS traded down $0.01 on Thursday, hitting $0.40. The stock had a trading volume of 45,748 shares, compared to its average volume of 261,598. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. SHF has a 52-week low of $0.30 and a 52-week high of $1.10. The stock has a market cap of $22.44 million, a price-to-earnings ratio of 2.37 and a beta of 0.32. The business’s 50-day simple moving average is $0.41 and its two-hundred day simple moving average is $0.48.

SHF (NASDAQ:SHFS) last posted its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $3.48 million during the quarter. SHF had a net margin of 36.34% and a return on equity of 10.24%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SHF stock. Renaissance Technologies LLC boosted its holdings in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,930 shares of the company’s stock after purchasing an additional 119,345 shares during the period. Renaissance Technologies LLC owned about 0.27% of SHF worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 29.19% of the stock is currently owned by institutional investors and hedge funds.

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.