Short Interest in SHF Holdings, Inc. (NASDAQ:SHFS) Declines By 19.0%

SHF Holdings, Inc. (NASDAQ:SHFS) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 45,600 shares, a decrease of 19.0% from the January 31st total of 56,300 shares. Based on an average trading volume of 221,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

SHF Stock Performance

Shares of SHF stock traded down $0.02 during trading on Thursday, reaching $0.35. The company’s stock had a trading volume of 26,563 shares, compared to its average volume of 222,482. The firm has a market cap of $19.49 million, a PE ratio of 2.06 and a beta of 0.32. The company has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.45. 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 has a fifty-two week low of $0.30 and a fifty-two week high of $1.01.

Institutional Investors Weigh In On SHF

A hedge fund recently raised its stake in SHF stock. Renaissance Technologies LLC boosted its stake in SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,930 shares of the company’s stock after acquiring an additional 119,345 shares during the period. Renaissance Technologies LLC owned 0.27% of SHF worth $67,000 as of its most recent SEC filing. 29.19% of the stock is currently owned by institutional investors and hedge funds.

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.