Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Up 147.2% in March

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 585,442 shares, a growth of 147.2% from the February 26th total of 236,822 shares. Based on an average daily volume of 725,321 shares, the short-interest ratio is presently 0.8 days. Currently, 2.4% of the company’s shares are sold short.

Institutional Trading of Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned 13.16% of Pineapple Financial at the end of the most recent reporting period. 0.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, D. Boral Capital reaffirmed a “buy” rating on shares of Pineapple Financial in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $100.00.

Pineapple Financial Trading Up 1.5%

PAPL stock traded up $0.01 during trading on Friday, reaching $0.68. 45,674 shares of the stock traded hands, compared to its average volume of 407,392. The firm has a market capitalization of $17.66 million, a PE ratio of -1.23 and a beta of 2.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day moving average price is $0.76 and its 200-day moving average price is $2.71. Pineapple Financial has a 52-week low of $0.20 and a 52-week high of $9.53.

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. 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.