Pinnacle Food Group Limited (NASDAQ:PFAI) Short Interest Down 70.0% in January

Pinnacle Food Group Limited (NASDAQ:PFAI) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 7,620 shares, a drop of 70.0% from the December 31st total of 25,373 shares. Based on an average daily volume of 33,213 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 33,213 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc bought a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 0.32% of Pinnacle Food Group at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pinnacle Food Group in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Pinnacle Food Group Trading Up 6.8%

Shares of PFAI stock traded up $0.15 on Wednesday, hitting $2.36. The company’s stock had a trading volume of 5,480 shares, compared to its average volume of 22,689. Pinnacle Food Group has a fifty-two week low of $1.30 and a fifty-two week high of $4.93. The stock’s 50 day moving average is $2.22 and its 200-day moving average is $2.16.

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.