Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Drops By 32.3%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 95,042 shares, a drop of 32.3% from the August 15th total of 140,447 shares. Based on an average trading volume of 58,197 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Pineapple Financial Stock Performance

PAPL traded up $0.02 on Thursday, reaching $0.92. The company had a trading volume of 6,050 shares, compared to its average volume of 1,963,142. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.01. Pineapple Financial has a 1 year low of $0.54 and a 1 year high of $7.03. The stock has a market capitalization of $23.22 million, a PE ratio of -1.67 and a beta of 5.51. The stock has a 50-day moving average price of $1.03 and a 200-day moving average price of $0.95.

Pineapple Financial (NYSEAMERICAN:PAPL) last issued its quarterly earnings data on Monday, July 20th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $1.40. Pineapple Financial had a positive return on equity of 77.14% and a negative net margin of 92.89%.The company had revenue of $0.62 million for the quarter, compared to analyst estimates of $0.62 million.

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. 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.