Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Drops By 23.8%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 132,902 shares, a drop of 23.8% from the December 15th total of 174,417 shares. Based on an average daily volume of 38,939 shares, the short-interest ratio is currently 3.4 days. Approximately 17.7% of the shares of the stock are short sold. Approximately 17.7% of the shares of the stock are short sold. Based on an average daily volume of 38,939 shares, the short-interest ratio is currently 3.4 days.

Pineapple Financial Stock Down 13.1%

NYSEAMERICAN:PAPL opened at $1.06 on Tuesday. The company has a market cap of $1.06 million, a price-to-earnings ratio of -0.11 and a beta of 2.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s fifty day moving average price is $2.40 and its two-hundred day moving average price is $3.69. Pineapple Financial has a 52-week low of $0.20 and a 52-week high of $14.00.

Wall Street Analysts Forecast Growth

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

Institutional Trading of 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 Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 0.25% of the stock is owned by hedge funds and other institutional investors.

Pineapple Financial Company Profile

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.