Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Rises By 220.0%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 174,417 shares, an increase of 220.0% from the November 30th total of 54,503 shares. Approximately 23.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 324,103 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 324,103 shares, the short-interest ratio is currently 0.5 days. Approximately 23.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Pineapple Financial Trading Down 7.2%

NYSEAMERICAN PAPL opened at $1.93 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.93 million, a PE ratio of -0.21 and a beta of 2.02. The stock has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $3.71. Pineapple Financial has a 12 month low of $0.20 and a 12 month high of $14.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned approximately 13.16% of Pineapple Financial as of its most recent SEC filing. 0.25% of the stock is currently 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.