SHF Holdings, Inc. (NASDAQ:SHFS) Short Interest Down 84.0% in March

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

SHF Trading Down 4.1 %

Shares of SHF stock traded down $0.20 during trading hours on Friday, hitting $4.52. The company’s stock had a trading volume of 22,071 shares, compared to its average volume of 5,828. The firm has a fifty day moving average of $7.20 and a 200-day moving average of $8.26. SHF has a twelve month low of $4.25 and a twelve month high of $20.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $12.57 million, a price-to-earnings ratio of 26.56 and a beta of 0.38.

Hedge Funds Weigh In On SHF

An institutional investor recently bought a new position in SHF stock. Mariner LLC purchased a new position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 214,186 shares of the company’s stock, valued at approximately $96,000. Mariner LLC owned 0.38% of SHF as of its most recent SEC filing. 29.19% of the stock is currently owned by hedge funds and other institutional investors.

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.