Pinnacle Food Group Limited (NASDAQ:PFAI) Short Interest Up 51.1% in March

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 10,705 shares, a growth of 51.1% from the February 26th total of 7,085 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 11,059 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pinnacle Food Group stock. Marex Group plc acquired a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 0.32% of Pinnacle Food Group as of its most recent SEC filing.

Pinnacle Food Group Stock Performance

Shares of Pinnacle Food Group stock traded up $0.19 during trading hours on Friday, reaching $2.62. The stock had a trading volume of 4,231 shares, compared to its average volume of 7,270. Pinnacle Food Group has a 1 year low of $1.30 and a 1 year high of $4.93. The firm has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.31.

About Pinnacle Food Group

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.