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

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

Pineapple Financial Trading Up 1.6%

Shares of NYSEAMERICAN:PAPL traded up $0.01 during mid-day trading on Friday, hitting $0.67. The company had a trading volume of 59,467 shares, compared to its average volume of 3,235,245. The firm has a fifty day moving average price of $1.57 and a 200 day moving average price of $3.46. The company has a market capitalization of $17.43 million, a PE ratio of -1.21 and a beta of 2.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.12 and a quick ratio of 0.12. Pineapple Financial has a one year low of $0.20 and a one year high of $9.72.

Hedge Funds Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned approximately 13.16% of Pineapple Financial at the end of the most recent reporting period. Institutional investors and hedge funds own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reissued a “buy” rating on shares of Pineapple Financial in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average 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.