SHF Holdings, Inc. (NASDAQ:SHFS) Stock Short Interest Report for October

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 771,674 shares, a growth of 1,940.4% from the September 30th total of 37,819 shares. Based on an average daily trading volume, of 4,833,259 shares, the days-to-cover ratio is presently 0.2 days. Currently, 152.2% of the company’s stock are sold short.

SHF Price Performance

Shares of SHF stock traded down $0.04 during trading on Monday, hitting $0.09. 101,215,948 shares of the company’s stock traded hands, compared to its average volume of 103,182,824. SHF has a twelve month low of $0.07 and a twelve month high of $42.28. The firm’s fifty day moving average price is $1.40 and its 200 day moving average price is $6.15.

SHF (NASDAQ:SHFS) last announced its earnings results on Friday, August 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.00 by ($12.36). The firm had revenue of $1.93 million for the quarter, compared to analyst estimates of $2.83 billion. SHF had a negative return on equity of 90.25% and a negative net margin of 47.33%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SHF in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

SHF Company Profile

SHF Holdings, Inc, doing business as Safe Harbor Financial, provides financial services to cannabis-related businesses in the United States. The company specializes in serving an industry that faces challenges accessing traditional banking services because cannabis remains federally illegal, despite state-level legalization in many jurisdictions.

Safe Harbor Financial supports cannabis businesses through banking and financial solutions offered in cooperation with financial institutions, including deposit services, cash management, payment processing and lending-related programs.