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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 254,609 shares, a growth of 163.5% from the January 29th total of 96,641 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 245,444 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 245,444 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Pineapple Financial Stock Performance

Shares of PAPL stock opened at $0.70 on Friday. Pineapple Financial has a 1 year low of $0.20 and a 1 year high of $9.53. 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 stock’s 50-day moving average is $1.14 and its two-hundred day moving average is $3.24. The firm has a market cap of $18.17 million, a price-to-earnings ratio of -1.27 and a beta of 2.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 quarter. Hedge funds and other institutional investors own 0.25% of the company’s stock.

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.