Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Declines By 27.3%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 28,800 shares, a drop of 27.3% from the December 15th total of 39,600 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 110,100 shares, the days-to-cover ratio is currently 0.3 days.

Pineapple Financial Trading Up 4.4 %

NYSEAMERICAN:PAPL traded up $0.02 on Wednesday, hitting $0.44. The stock had a trading volume of 65,356 shares, compared to its average volume of 187,906. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45. Pineapple Financial has a 52 week low of $0.41 and a 52 week high of $2.14.

Hedge Funds Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 0.52% of Pineapple Financial as of its most recent filing with the SEC. 0.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, D. Boral Capital dropped their price objective on shares of Pineapple Financial from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

About Pineapple Financial

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.