SHF Holdings, Inc. (NASDAQ:SHFS – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 58,000 shares, a drop of 27.1% from the March 31st total of 79,600 shares. Based on an average trading volume of 86,100 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.
SHF Trading Up 3.4 %
NASDAQ:SHFS traded up $0.02 during mid-day trading on Friday, hitting $0.75. The company had a trading volume of 35,218 shares, compared to its average volume of 73,433. SHF has a fifty-two week low of $0.33 and a fifty-two week high of $1.55. The business’s fifty day moving average is $0.87 and its two-hundred day moving average is $0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $41.83 million, a P/E ratio of -1.99 and a beta of 0.29.
SHF (NASDAQ:SHFS – Get Free Report) last released its earnings results on Monday, April 1st. The company reported $0.01 earnings per share for the quarter. SHF had a negative return on equity of 58.15% and a negative net margin of 98.39%. The firm had revenue of $4.48 million for the quarter.
Hedge Funds Weigh In On SHF
About SHF
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.
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