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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 254,609 shares, a growth of 163.5% from the January 29th total of 96,641 shares. Based on an average trading volume of 245,444 shares, the short-interest ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 245,444 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of 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 3rd quarter, according to the company in its most recent filing 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 quarter. Hedge funds and other institutional investors own 0.25% of the company’s stock.

Pineapple Financial Trading Down 4.4%

Shares of PAPL opened at $0.70 on Friday. Pineapple Financial has a fifty-two week low of $0.20 and a fifty-two week high of $9.53. The firm has a market cap of $18.17 million, a price-to-earnings ratio of -1.27 and a beta of 2.52. The firm has a 50 day moving average price of $1.17 and a 200-day moving average price of $3.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.12 and a current ratio of 0.12.

Analysts Set New Price Targets

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

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.