SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 48.7% in October

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 15,900 shares, a drop of 48.7% from the September 30th total of 31,000 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

SHF Price Performance

Shares of SHFS traded down $0.02 during trading hours on Friday, reaching $0.45. 43,617 shares of the company’s stock traded hands, compared to its average volume of 66,756. The stock has a market cap of $25.18 million, a PE ratio of 3.25 and a beta of 0.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The firm’s 50 day simple moving average is $0.55 and its 200-day simple moving average is $0.63. SHF has a 12 month low of $0.44 and a 12 month high of $1.55.

SHF (NASDAQ:SHFS) last released its earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $4.04 million during the quarter. SHF had a return on equity of 7.94% and a net margin of 27.99%.

Institutional Trading of SHF

An institutional investor recently raised its position in SHF stock. B. Riley Wealth Advisors Inc. raised its stake in SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,998 shares of the company’s stock after purchasing an additional 22,070 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.08% of SHF worth $51,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 29.19% of the company’s stock.

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.