SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Up 20.5% in July

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 58,800 shares, a growth of 20.5% from the June 30th total of 48,800 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

SHF Stock Up 4.9 %

Shares of SHFS traded up $0.03 during mid-day trading on Friday, reaching $0.67. The company’s stock had a trading volume of 51,679 shares, compared to its average volume of 57,085. The business has a fifty day moving average of $0.64 and a 200 day moving average of $0.83. The company has a market cap of $37.08 million, a price-to-earnings ratio of -2.39 and a beta of 0.16. SHF has a 1 year low of $0.33 and a 1 year high of $1.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

SHF (NASDAQ:SHFS) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter. SHF had a negative return on equity of 50.38% and a negative net margin of 79.25%. The business had revenue of $4.05 million during the quarter.

Institutional Trading of SHF

An institutional investor recently raised its position in SHF stock. B. Riley Wealth Advisors Inc. increased its position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,998 shares of the company’s stock after acquiring an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.08% of SHF worth $51,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 29.19% of the company’s stock.

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.