SHF (NASDAQ:SHFS) Shares Up 0.7% – Here’s What Happened

SHF Holdings, Inc. (NASDAQ:SHFS) rose 0.7% during trading on Friday . The company traded as high as $2.80 and last traded at $2.70. Approximately 7,269 shares traded hands during trading, a decline of 96% from the average daily volume of 196,270 shares. The stock had previously closed at $2.68.

SHF Price Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $2.83 and its 200 day simple moving average is $5.98. The firm has a market capitalization of $7.52 million, a P/E ratio of 15.88 and a beta of 0.59.

SHF (NASDAQ:SHFS) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.11) EPS for the quarter. SHF had a net margin of 36.34% and a return on equity of 10.24%. The business had revenue of $1.93 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SHF stock. Renaissance Technologies LLC raised its holdings in shares of SHF Holdings, Inc. (NASDAQ:SHFS) by 417.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,930 shares of the company’s stock after acquiring an additional 119,345 shares during the period. Renaissance Technologies LLC owned about 0.27% of SHF worth $67,000 at the end of the most recent reporting period. 29.19% of the stock is owned by hedge funds and other institutional investors.

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.