Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Up 58.6% in January

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

Institutional Investors Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to the company in 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 13.16% of Pineapple Financial as of its most recent SEC filing. 0.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Pineapple Financial Trading Up 1.6%

PAPL stock traded up $0.01 during midday trading on Friday, reaching $0.67. The company’s stock had a trading volume of 59,467 shares, compared to its average volume of 3,221,691. Pineapple Financial has a 1 year low of $0.20 and a 1 year high of $9.72. The firm has a market capitalization of $17.43 million, a price-to-earnings ratio of -1.21 and a beta of 2.53. The stock has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $3.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.12 and a current ratio of 0.12.

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.