Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Significant Growth in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 96,641 shares, a growth of 58.6% from the January 15th total of 60,939 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 6,232,829 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 6,232,829 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned about 13.16% of Pineapple Financial as of its most recent SEC filing. 0.25% of the stock is currently owned by institutional investors and hedge funds.

Pineapple Financial Price Performance

Shares of Pineapple Financial stock traded up $0.01 on Monday, reaching $0.67. 59,467 shares of the stock were exchanged, compared to its average volume of 3,221,691. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $17.43 million, a PE ratio of -1.21 and a beta of 2.53. The firm’s 50 day moving average is $1.57 and its 200-day moving average is $3.47. Pineapple Financial has a one year low of $0.20 and a one year high of $9.72.

Analysts Set New Price Targets

Separately, D. Boral Capital reissued a “buy” rating on shares of Pineapple Financial in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pineapple Financial has an average rating of “Buy” and an average target price of $100.00.

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. In addition, the company offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing.