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

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 9,900 shares, a drop of 65.0% from the October 31st total of 28,300 shares. Based on an average daily trading volume, of 99,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

SHF Price Performance

SHFS stock traded up $0.02 during trading hours on Wednesday, hitting $0.44. 97,873 shares of the stock traded hands, compared to its average volume of 79,592. The stock has a 50-day simple moving average of $0.45 and a 200 day simple moving average of $0.57. SHF has a one year low of $0.30 and a one year high of $1.55. The company has a market cap of $24.49 million, a P/E ratio of 2.47 and a beta of 0.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.

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.