SHF (NASDAQ:SHFS) Stock Price Down 5.9% - Should You Sell?

Shares of SHF Holdings, Inc. (NASDAQ:SHFS - Get Free Report) fell 5.9% on Tuesday . The stock traded as low as $4.93 and last traded at $5.09. 24,262 shares were traded during trading, an increase of 322% from the average session volume of 5,753 shares. The stock had previously closed at $5.41.

SHF Stock Performance

The stock's 50-day moving average price is $7.14 and its 200-day moving average price is $8.19. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $12.39 million, a P/E ratio of 26.18 and a beta of 0.38.

Institutional Trading of SHF

An institutional investor recently raised its position in SHF stock. Renaissance Technologies LLC raised its position in shares of SHF Holdings, Inc. (NASDAQ:SHFS - Free Report) by 417.5% in the fourth 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 purchasing an additional 119,345 shares during the period. Renaissance Technologies LLC owned 0.27% of SHF worth $67,000 at the end of the most recent quarter. Institutional investors and hedge funds own 29.19% of the company's stock.

SHF Company Profile

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.