Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Large Decline in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 31,400 shares, a decline of 65.9% from the January 31st total of 92,000 shares. Based on an average daily volume of 182,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s shares are sold short.

Pineapple Financial Price Performance

Shares of PAPL traded up $0.01 during trading hours on Friday, reaching $0.37. The stock had a trading volume of 75,180 shares, compared to its average volume of 260,766. Pineapple Financial has a 12 month low of $0.34 and a 12 month high of $2.14. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.26 million, a P/E ratio of -0.67 and a beta of -0.49.

Institutional Trading of Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. acquired a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 0.52% of Pineapple Financial at the end of the most recent reporting period. 0.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, D. Boral Capital restated a “buy” rating and issued a $5.00 target price on shares of Pineapple Financial in a report on Thursday.

About Pineapple Financial

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.