SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 84.0% in March

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 7,500 shares, a drop of 84.0% from the February 28th total of 46,800 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of SHF

An institutional investor recently bought a new position in SHF stock. Mariner LLC purchased a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 214,186 shares of the company’s stock, valued at approximately $96,000. Mariner LLC owned about 0.38% of SHF at the end of the most recent quarter. Institutional investors and hedge funds own 29.19% of the company’s stock.

SHF Trading Down 7.5 %

SHFS traded down $0.38 on Wednesday, reaching $4.71. 10,863 shares of the company’s stock were exchanged, compared to its average volume of 5,767. The company’s 50 day moving average is $0.57 and its 200-day moving average is $0.49. The company has a market cap of $13.11 million, a price-to-earnings ratio of 27.71 and a beta of 0.38. SHF has a twelve month low of $4.40 and a twelve month high of $20.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83.

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.