SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 60.0% in July

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 68,435 shares, a decrease of 60.0% from the July 15th total of 171,172 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 257,791 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

SHF Trading Down 1.0%

SHF stock opened at $0.17 on Friday. The stock has a fifty day moving average price of $0.22 and a 200 day moving average price of $0.59. SHF has a 52 week low of $0.17 and a 52 week high of $9.19. The firm has a market capitalization of $1.11 million, a P/E ratio of -0.17 and a beta of 0.81.

SHF (NASDAQ:SHFS) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($1.36). The business had revenue of $1.93 million during the quarter, compared to analyst estimates of $2.83 billion. SHF had a negative return on equity of 90.25% and a negative net margin of 47.33%.

Institutional Investors Weigh In On SHF

A hedge fund recently bought a new position in SHF stock. Checchi Capital Advisers LLC bought a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 filing with the Securities & Exchange Commission. 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. 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.