Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Declines By 19.0%

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 45,600 shares, a decrease of 19.0% from the January 31st total of 56,300 shares. Based on an average daily trading volume, of 221,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

SHF Price Performance

Shares of SHF stock traded up $0.01 on Tuesday, hitting $0.33. 55,073 shares of the company traded hands, compared to its average volume of 202,788. SHF has a 12-month low of $0.30 and a 12-month high of $1.01. The firm’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.45. The company has a market cap of $18.43 million, a P/E ratio of 1.93 and a beta of 0.32. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On SHF

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