SHF Holdings, Inc. (NASDAQ:SHFS) Stock Short Interest Report for September

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 37,819 shares, a decrease of 76.5% from the September 15th total of 161,052 shares. Currently, 7.5% of the company’s shares are sold short. Based on an average trading volume of 122,433 shares, the days-to-cover ratio is currently 0.3 days.

SHF Stock Performance

Shares of SHFS stock traded up $0.01 during mid-day trading on Monday, reaching $0.43. 1,291,826 shares of the company were exchanged, compared to its average volume of 171,268. The business’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $4.38. The company has a market capitalization of $234,360.00, a P/E ratio of -0.04 and a beta of 0.87. SHF has a fifty-two week low of $0.38 and a fifty-two week high of $52.80.

SHF (NASDAQ:SHFS) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $12.00 by ($12.36). SHF had a negative net margin of 47.33% and a negative return on equity of 90.25%. The company had revenue of $1.93 million during the quarter, compared to analyst estimates of $2.83 billion.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SHF in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company specializes in serving an industry that faces challenges accessing traditional banking services because cannabis remains federally illegal, despite state-level legalization in many jurisdictions.

Safe Harbor Financial supports cannabis businesses through banking and financial solutions offered in cooperation with financial institutions, including deposit services, cash management, payment processing and lending-related programs.