SHF Holdings, Inc. (NASDAQ:SHFS – Get Rating) shares traded down 6.1% on Tuesday . The company traded as low as $0.89 and last traded at $0.92. 230,741 shares were traded during trading, a decline of 22% from the average session volume of 296,862 shares. The stock had previously closed at $0.98.
Wall Street Analyst Weigh In
Separately, EF Hutton Acquisition Co. I initiated coverage on SHF in a research report on Wednesday, October 26th. They set a "buy" rating and a $10.50 price target for the company.
Get SHF alerts:SHF Stock Down 6.1 %
The stock's fifty day moving average is $1.86.
SHF (NASDAQ:SHFS – Get Rating) last announced its earnings results on Monday, November 14th. The company reported $0.06 EPS for the quarter. The firm had revenue of $2.38 million for the quarter.Institutional Investors Weigh In On SHF
A hedge fund recently bought a new stake in SHF stock. Cohen & Co Financial Management LLC bought a new position in SHF Holdings, Inc. (NASDAQ:SHFS – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,002,669 shares of the company's stock, valued at approximately $7,009,000. SHF makes up approximately 12.1% of Cohen & Co Financial Management LLC's investment portfolio, making the stock its biggest position. Cohen & Co Financial Management LLC owned about 6.73% of SHF as of its most recent SEC filing. 82.04% of the stock is currently owned by hedge funds and other institutional investors.
SHF Company Profile
(Get Rating)
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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