SHF (NASDAQ:SHFS) Shares Down 3.6%

SHF Holdings, Inc. (NASDAQ:SHFSGet Free Report)’s share price dropped 3.6% on Tuesday . The company traded as low as $0.84 and last traded at $0.85. Approximately 18,254 shares traded hands during trading, a decline of 80% from the average daily volume of 89,834 shares. The stock had previously closed at $0.88.

SHF Trading Down 3.6 %

The business’s 50-day moving average is $1.03 and its two-hundred day moving average is $0.89. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $39.54 million, a PE ratio of -0.35 and a beta of 0.26.

Institutional Investors Weigh In On SHF

A number of institutional investors have recently modified their holdings of SHFS. UBS Group AG bought a new position in SHF in the 3rd quarter worth about $38,000. Charles Schwab Investment Management Inc. purchased a new stake in SHF in the 4th quarter worth approximately $25,000. Vident Investment Advisory LLC lifted its position in SHF by 53.0% in the 4th quarter. Vident Investment Advisory LLC now owns 44,450 shares of the company’s stock worth $79,000 after buying an additional 15,399 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SHF by 88.6% during the 3rd quarter. Vanguard Group Inc. now owns 38,659 shares of the company’s stock valued at $31,000 after purchasing an additional 18,160 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in SHF by 158.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 35,998 shares of the company’s stock valued at $51,000 after buying an additional 22,070 shares during the last quarter. Institutional investors and hedge funds own 21.58% of the company’s stock.

About SHF

(Get Free Report)

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.

Further Reading

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