SHF Holdings, Inc. (NASDAQ:SHFS) Sees Large Growth in Short Interest

SHF Holdings, Inc. (NASDAQ:SHFS) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 28,300 shares, a growth of 78.0% from the October 15th total of 15,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,200 shares, the short-interest ratio is currently 0.5 days.

SHF Price Performance

Shares of SHFS stock traded down $0.00 on Wednesday, reaching $0.36. The company had a trading volume of 67,023 shares, compared to its average volume of 69,424. The business’s 50-day moving average is $0.49 and its 200 day moving average is $0.60. The stock has a market capitalization of $19.95 million, a PE ratio of 2.18 and a beta of 0.20. SHF has a one year low of $0.30 and a one year high of $1.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.25.

SHF (NASDAQ:SHFS) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $4.04 million during the quarter. SHF had a net margin of 36.34% and a return on equity of 10.43%.

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.