SHF Holdings, Inc. (NASDAQ:SHFS) Sees Significant Decrease in Short Interest

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,500 shares, a decline of 84.0% from the February 28th total of 46,800 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 0.7 days.

SHF Price Performance

Shares of SHF stock traded down $0.38 during midday trading on Wednesday, hitting $4.71. 10,863 shares of the company were exchanged, compared to its average volume of 5,767. SHF has a 52 week low of $4.40 and a 52 week high of $20.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.49. The firm has a market cap of $13.11 million, a P/E ratio of 27.71 and a beta of 0.38.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SHF stock. Renaissance Technologies LLC lifted its holdings in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,930 shares of the company’s stock after buying an additional 119,345 shares during the quarter. Renaissance Technologies LLC owned about 0.27% of SHF worth $67,000 at the end of the most recent quarter. 29.19% of the stock is currently owned by institutional investors and hedge funds.

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.