Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Update

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 60,939 shares, a drop of 54.1% from the December 31st total of 132,902 shares. Based on an average daily volume of 3,056,744 shares, the short-interest ratio is currently 0.0 days. Currently, 8.1% of the company’s stock are sold short. Currently, 8.1% of the company’s stock are sold short. Based on an average daily volume of 3,056,744 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Pineapple Financial

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

Analysts Set New Price Targets

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

Pineapple Financial Price Performance

Pineapple Financial stock opened at $0.96 on Thursday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $956,000.00, a price-to-earnings ratio of -1.74 and a beta of 2.46. Pineapple Financial has a 12 month low of $0.20 and a 12 month high of $10.46. The business’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $3.65.

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.