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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 95,042 shares, a drop of 32.3% from the August 15th total of 140,447 shares. Based on an average daily trading volume, of 58,197 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the shares of the company are sold short.

Pineapple Financial Trading Up 3.7%

Pineapple Financial stock opened at $0.93 on Friday. The business has a 50 day moving average price of $1.03 and a two-hundred day moving average price of $0.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.01. The stock has a market cap of $23.45 million, a price-to-earnings ratio of -1.69 and a beta of 5.51. Pineapple Financial has a 12 month low of $0.54 and a 12 month high of $7.03.

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

Pineapple Financial Company Profile

Pineapple Financial Inc is a Canadian mortgage technology and brokerage company that supports mortgage professionals and consumers through digital tools, mortgage services and related operational resources. The company operates under the Pineapple brand and focuses on simplifying the mortgage application and origination process.

Its offerings include a proprietary technology platform designed to help mortgage brokers manage customer relationships, applications, documentation and transactions.