Pinnacle Food Group Limited (NASDAQ:PFAI) Short Interest Update

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 25,373 shares, an increase of 44.0% from the December 15th total of 17,617 shares. Based on an average daily volume of 5,565 shares, the days-to-cover ratio is currently 4.6 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 5,565 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc purchased a new position in Pinnacle Food Group Limited (NASDAQ:PFAI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 0.32% of Pinnacle Food Group at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pinnacle Food Group in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Pinnacle Food Group Price Performance

Shares of Pinnacle Food Group stock opened at $2.20 on Monday. The company’s fifty day moving average is $2.28 and its two-hundred day moving average is $2.14. Pinnacle Food Group has a 1 year low of $1.30 and a 1 year high of $4.93.

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.