SHF (NASDAQ:SHFS) Stock Price Down 9.7% – Time to Sell?

SHF Holdings, Inc. (NASDAQ:SHFS) shares traded down 9.7% during mid-day trading on Monday . The stock traded as low as $1.01 and last traded at $1.02. 61,619 shares were traded during mid-day trading, a decline of 69% from the average session volume of 199,342 shares. The stock had previously closed at $1.13.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SHF in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

SHF Stock Performance

The company has a 50 day moving average of $1.27 and a 200-day moving average of $2.63. The stock has a market cap of $3.14 million, a price-to-earnings ratio of -0.83 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SHF stock. Checchi Capital Advisers LLC bought a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,741 shares of the company’s stock, valued at approximately $34,000. Checchi Capital Advisers LLC owned 1.03% of SHF as of its most recent SEC filing. 29.19% of the stock is currently owned by institutional investors and hedge funds.

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.