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

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

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 position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to its most recent filing with the SEC. The firm purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned 0.52% of Pineapple Financial at the end of the most recent quarter. 0.25% of the stock is currently owned by institutional investors.

Pineapple Financial Price Performance

PAPL traded up $0.02 during midday trading on Wednesday, hitting $0.44. 65,356 shares of the company were exchanged, compared to its average volume of 187,906. Pineapple Financial has a 1-year low of $0.41 and a 1-year high of $2.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.45.

Analyst Ratings Changes

Separately, D. Boral Capital decreased their price target on shares of Pineapple Financial from $5.50 to $5.00 and set a “buy” rating for the company in a research 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.