SHF Holdings, Inc. (NASDAQ:SHFS) Sees Large Increase in Short Interest

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 44,100 shares, anincreaseof1,030.8% from the July 31st total of 3,900 shares. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is presently 0.8 days. Currently,2.8% of the company’s stock are short sold. Currently,2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is presently 0.8 days.

SHF Trading Down 12.8%

NASDAQ SHFS traded down $0.47 during trading on Wednesday, hitting $3.18. 248,071 shares of the company traded hands, compared to its average volume of 566,914. SHF has a 12 month low of $1.84 and a 12 month high of $12.40. The business has a fifty day simple moving average of $2.78 and a 200 day simple moving average of $3.44. The company has a market capitalization of $9.29 million, a P/E ratio of 0.98 and a beta of 0.43.

SHF (NASDAQ:SHFS) last posted its earnings results on Thursday, August 14th. The company reported ($0.33) earnings per share for the quarter. SHF had a negative net margin of 480.80% and a negative return on equity of 417.35%. The company had revenue of $1.85 million for the quarter.

Hedge Funds Weigh In On SHF

A hedge fund recently bought a new stake in SHF stock. Mariner LLC acquired a new position in SHF Holdings, Inc. (NASDAQ:SHFS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 214,186 shares of the company’s stock, valued at approximately $96,000. Mariner LLC owned 0.38% of SHF as of its most recent filing with the Securities and Exchange Commission (SEC). 29.19% of the stock is currently owned by institutional investors.

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.