Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Down 23.8% in December

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 132,902 shares, a decline of 23.8% from the December 15th total of 174,417 shares. Based on an average daily volume of 38,939 shares, the short-interest ratio is presently 3.4 days. Approximately 17.7% of the company’s shares are sold short. Approximately 17.7% of the company’s shares are sold short. Based on an average daily volume of 38,939 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

Separately, D. Boral Capital reissued a “buy” rating on shares of Pineapple Financial in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $100.00.

Pineapple Financial Trading Down 13.1%

Shares of Pineapple Financial stock traded down $0.16 during trading on Friday, hitting $1.06. The stock had a trading volume of 343,754 shares, compared to its average volume of 1,542,575. Pineapple Financial has a 12 month low of $0.20 and a 12 month high of $14.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s fifty day simple moving average is $2.44 and its 200-day simple moving average is $3.68. The stock has a market cap of $1.06 million, a PE ratio of -0.11 and a beta of 2.46.

Institutional Inflows and Outflows

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

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.