Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Drops By 33.9%

SHF Holdings, Inc. (NASDAQ:SHFS) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 11,100 shares, a decline of 33.9% from the May 31st total of 16,800 shares. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. B. Riley Wealth Advisors Inc. increased its position in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 158.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,998 shares of the company’s stock after buying an additional 22,070 shares during the period. B. Riley Wealth Advisors Inc. owned 0.08% of SHF worth $51,000 as of its most recent filing with the SEC. 29.19% of the stock is currently owned by institutional investors.

SHF Price Performance

NASDAQ:SHFS opened at $0.56 on Friday. The firm’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.91. 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 has a one year low of $0.33 and a one year high of $1.55.

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

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.