Short Interest in Pinnacle Food Group Limited (NASDAQ:PFAI) Rises By 246.8%

Pinnacle Food Group Limited (NASDAQ:PFAI) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 12,209 shares, an increase of 246.8% from the July 30th total of 3,520 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 35,431 shares, the short-interest ratio is currently 0.3 days.

Pinnacle Food Group Trading Down 15.7%

PFAI opened at $2.60 on Thursday. The firm’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.19. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 0.24. Pinnacle Food Group has a twelve month low of $1.54 and a twelve month high of $4.93.

Pinnacle Food Group (NASDAQ:PFAI) last posted its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.24 million for the quarter.

Institutional Investors Weigh In On Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Ground Swell Capital LLC acquired a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 0.10% of Pinnacle Food Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pinnacle Food Group in a research report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pinnacle Food Group presently has an average rating of “Sell”.

About Pinnacle Food Group

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.