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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 31,400 shares, a decline of 65.9% from the January 31st total of 92,000 shares. Based on an average daily trading volume, of 182,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. bought a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period. Institutional investors own 0.25% of the company’s stock.

Pineapple Financial Price Performance

Shares of NYSEAMERICAN:PAPL traded up $0.01 during midday trading on Friday, reaching $0.37. The company had a trading volume of 75,180 shares, compared to its average volume of 260,766. 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 $0.34 and a 52-week high of $2.14. The company has a market capitalization of $3.26 million, a P/E ratio of -0.67 and a beta of -0.49.

Wall Street Analyst Weigh In

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

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.