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

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 190,963 shares, a growth of 407.2% from the November 30th total of 37,647 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average daily trading volume, of 358,496 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 358,496 shares, the days-to-cover ratio is presently 0.5 days. Approximately 7.0% of the company’s shares are sold short.

SHF Trading Down 4.9%

Shares of NASDAQ SHFS opened at $1.26 on Thursday. The stock has a market cap of $3.87 million, a P/E ratio of -1.02 and a beta of 0.87. The business’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $2.91. SHF has a 12-month low of $1.09 and a 12-month high of $10.53.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SHF in a report on Monday, December 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SHF has a consensus rating of “Sell”.

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. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources.