SHF (NASDAQ:SHFS) Shares Down 5.9% – Should You Sell?

SHF Holdings, Inc. (NASDAQ:SHFS) shares traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $4.93 and last traded at $5.09. 24,262 shares were traded during mid-day trading, an increase of 322% from the average session volume of 5,753 shares. The stock had previously closed at $5.41.

SHF Trading Down 8.7 %

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 company has a market capitalization of $11.97 million, a P/E ratio of 25.29 and a beta of 0.38. The company has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $8.29.

Institutional Trading of SHF

A hedge fund recently bought a new stake in SHF stock. Mariner LLC bought a new stake in SHF Holdings, Inc. (NASDAQ:SHFS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC). 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.