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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 96,641 shares, an increase of 58.6% from the January 15th total of 60,939 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 6,232,829 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 6,232,829 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.5% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, D. Boral Capital restated a “buy” rating on shares of Pineapple Financial in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $100.00.

Hedge Funds Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 reporting period. 0.25% of the stock is currently owned by hedge funds and other institutional investors.

Pineapple Financial Trading Up 1.6%

PAPL traded up $0.01 during trading on Friday, reaching $0.67. 59,467 shares of the company’s stock were exchanged, compared to its average volume of 3,235,245. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.62. Pineapple Financial has a one year low of $0.20 and a one year high of $9.72. The firm has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $3.46. The stock has a market capitalization of $17.43 million, a PE ratio of -1.21 and a beta of 2.52.

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.