Pinnacle Food Group Limited (NASDAQ:PFAI) Short Interest Up 246.8% in August

Pinnacle Food Group Limited (NASDAQ:PFAI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 12,209 shares, an increase of 246.8% from the July 30th total of 3,520 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 35,431 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Pinnacle Food Group

A hedge fund recently bought a new position in Pinnacle Food Group stock. Ground Swell Capital LLC acquired a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 0.10% of Pinnacle Food Group as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pinnacle Food Group in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Pinnacle Food Group Stock Down 10.7%

Shares of Pinnacle Food Group stock opened at $2.73 on Friday. The business has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $3.19. Pinnacle Food Group has a 1-year low of $1.54 and a 1-year high of $4.93. The company has a current ratio of 2.20, a quick ratio of 2.19 and a debt-to-equity ratio of 0.24.

Pinnacle Food Group (NASDAQ:PFAI) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.24 million during the quarter.

Pinnacle Food Group Company Profile

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.