SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Update

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 36,500 shares, anincreaseof135.5% from the June 30th total of 15,500 shares. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is presently 0.8 days. Approximately2.6% of the company’s stock are short sold. Approximately2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of SHF

An institutional investor recently raised its position in SHF stock. Renaissance Technologies LLC boosted its stake in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 147,930 shares of the company’s stock after purchasing an additional 119,345 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of SHF worth $67,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.19% of the company’s stock.

SHF Stock Down 5.3%

Shares of SHF stock opened at $2.40 on Thursday. The firm’s 50 day moving average price is $2.72 and its 200-day moving average price is $4.24. SHF has a 52-week low of $1.84 and a 52-week high of $13.30. The company has a market cap of $6.66 million, a P/E ratio of 0.70 and a beta of 0.44.

SHF (NASDAQ:SHFS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.11) earnings per share (EPS) for the quarter. SHF had a negative return on equity of 417.35% and a negative net margin of 386.19%. The firm had revenue of $1.93 million during the quarter.

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.