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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,200 shares, a growth of 53.7% from the February 28th total of 16,400 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 180,200 shares, the days-to-cover ratio is presently 0.1 days.

Pineapple Financial Price Performance

Pineapple Financial stock traded up $0.02 during mid-day trading on Monday, hitting $0.32. 72,401 shares of the company were exchanged, compared to its average volume of 172,702. Pineapple Financial has a 12-month low of $0.18 and a 12-month high of $2.14. The firm has a market cap of $2.78 million, a P/E ratio of -0.57 and a beta of -0.49. The firm has a 50 day moving average price of $0.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.54 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital restated a “buy” rating and set a $5.00 target price on shares of Pineapple Financial in a research report on Thursday, February 27th.

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.