Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Large Increase in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 25,200 shares, a growth of 53.7% from the February 28th total of 16,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 180,200 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reissued a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a research report on Thursday, February 27th.

Pineapple Financial Stock Performance

Shares of NYSEAMERICAN:PAPL traded up $0.02 during mid-day trading on Monday, hitting $0.32. 72,401 shares of the company traded hands, compared to its average volume of 172,702. The stock’s 50 day moving average price is $0.41. The firm has a market capitalization of $2.78 million, a price-to-earnings ratio of -0.57 and a beta of -0.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.54 and a current ratio of 0.54. Pineapple Financial has a 52-week low of $0.18 and a 52-week high of $2.14.

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.