SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Up 20.5% in July

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 58,800 shares, a growth of 20.5% from the June 30th total of 48,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 60,300 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. grew its holdings in shares of 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 acquiring an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.08% of SHF worth $51,000 as of its most recent SEC filing. Institutional investors own 29.19% of the company’s stock.

SHF Trading Up 4.9 %

Shares of SHFS stock traded up $0.03 during trading hours on Friday, hitting $0.67. 51,679 shares of the company’s stock traded hands, compared to its average volume of 57,085. The stock’s 50 day simple moving average is $0.64 and its 200 day simple moving average is $0.83. The stock has a market cap of $37.08 million, a PE ratio of -2.39 and a beta of 0.16. SHF has a 12 month low of $0.33 and a 12 month high of $1.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

SHF (NASDAQ:SHFS) last released its quarterly earnings results on Monday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $4.05 million during the quarter. SHF had a negative net margin of 79.25% and a negative return on equity of 50.38%.

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.