Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Large Increase in Short Interest

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 186,847 shares, a growth of 2,785.7% from the September 30th total of 6,475 shares. Based on an average trading volume of 6,356,164 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pinnacle Food Group in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Pinnacle Food Group Stock Performance

Pinnacle Food Group stock traded up $0.29 during mid-day trading on Tuesday, hitting $3.69. 291,556 shares of the company were exchanged, compared to its average volume of 401,774. The business’s 50 day simple moving average is $3.14 and its two-hundred day simple moving average is $3.09. Pinnacle Food Group has a 12-month low of $2.00 and a 12-month high of $7.02.

Pinnacle Food Group Company Profile

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.