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

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

SHF Stock Down 4.1 %

Shares of NASDAQ SHFS traded down $0.20 during midday trading on Friday, hitting $4.52. The company’s stock had a trading volume of 22,071 shares, compared to its average volume of 5,828. SHF has a 1 year low of $4.25 and a 1 year high of $20.20. The business’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $8.26. The firm has a market capitalization of $12.57 million, a price-to-earnings ratio of 26.56 and a beta of 0.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83.

Hedge Funds Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. Renaissance Technologies LLC raised its stake in SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,930 shares of the company’s stock after purchasing an additional 119,345 shares during the period. Renaissance Technologies LLC owned about 0.27% of SHF worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.