Pinnacle Food Group Limited (NASDAQ:PFAI) Stock Short Interest Falls 93.3%

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 12,448 shares, a drop of 93.3% from the October 15th total of 186,847 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 94,772 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pinnacle Food Group in a research report on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Pinnacle Food Group Stock Down 5.3%

Shares of Pinnacle Food Group stock traded down $0.15 on Tuesday, reaching $2.69. The stock had a trading volume of 20,986 shares, compared to its average volume of 385,472. The company has a 50 day moving average price of $3.26 and a 200 day moving average price of $3.15. Pinnacle Food Group has a 1 year low of $2.00 and a 1 year high of $7.02.

About Pinnacle Food Group

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.