SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 92.1% in June

SHF Holdings, Inc. (NASDAQ:SHFS) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 143,592 shares, a drop of 92.1% from the June 15th total of 1,821,847 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 879,376 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC acquired a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF as of its most recent SEC filing. 29.19% of the stock is currently owned by institutional investors.

SHF Trading Down 10.2%

Shares of SHFS stock traded down $0.02 during trading hours on Friday, hitting $0.21. The company’s stock had a trading volume of 1,296,062 shares, compared to its average volume of 1,759,111. The company has a 50 day moving average of $0.38 and a 200 day moving average of $0.76. The stock has a market cap of $932,084.50, a PE ratio of -0.22 and a beta of 0.79. SHF has a 12-month low of $0.18 and a 12-month high of $9.19.

SHF (NASDAQ:SHFS) last issued its earnings results on Friday, May 15th. The company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $1.98 million for the quarter. SHF had a negative return on equity of 561.02% and a negative net margin of 40.35%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

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. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.