Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Update

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 140,447 shares, a decrease of 34.2% from the July 30th total of 213,534 shares. Based on an average daily trading volume, of 62,320 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.25% of the company’s stock.

Pineapple Financial Stock Performance

Shares of PAPL stock traded down $0.04 during mid-day trading on Wednesday, reaching $0.94. 881 shares of the company’s stock traded hands, compared to its average volume of 2,076,737. Pineapple Financial has a 12 month low of $0.54 and a 12 month high of $9.13. The firm has a 50 day moving average price of $1.04 and a two-hundred day moving average price of $0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $23.83 million, a PE ratio of -1.71 and a beta of 5.52.

Pineapple Financial (NYSEAMERICAN:PAPL) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of ($0.41) by $1.40. The firm had revenue of $0.62 million for the quarter, compared to the consensus estimate of $0.62 million. Pineapple Financial had a negative net margin of 92.89% and a positive return on equity of 77.14%.

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.