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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 585,442 shares, an increase of 147.2% from the February 26th total of 236,822 shares. Based on an average daily volume of 725,321 shares, the short-interest ratio is presently 0.8 days. Currently, 2.4% of the company’s stock are short sold. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 725,321 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. bought a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned 13.16% of Pineapple Financial at the end of the most recent reporting period. Institutional investors and hedge funds own 0.25% of the company’s stock.

Analyst Ratings Changes

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

Pineapple Financial Stock Performance

PAPL traded down $0.03 on Wednesday, hitting $0.69. The company had a trading volume of 40,560 shares, compared to its average volume of 1,833,079. The stock has a market cap of $18.08 million, a price-to-earnings ratio of -1.26 and a beta of 2.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.12 and a quick ratio of 0.12. The company’s fifty day moving average price is $0.79 and its 200 day moving average price is $2.78. Pineapple Financial has a 1-year low of $0.20 and a 1-year high of $9.53.

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.