Pineapple Financial Inc. (NYSEAMERICAN:PAPL – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 1,240,561 shares, an increase of 2,058.8% from the April 15th total of 57,465 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average daily trading volume, of 19,464,350 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Pineapple Financial
A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. bought a new stake in Pineapple Financial Inc. (NYSEAMERICAN:PAPL – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned 13.16% of Pineapple Financial as of its most recent filing with the Securities & Exchange Commission. 0.25% of the stock is owned by institutional investors and hedge funds.
Pineapple Financial Trading Up 10.4%
Shares of NYSEAMERICAN PAPL traded up $0.12 during midday trading on Wednesday, reaching $1.27. 615,542 shares of the stock were exchanged, compared to its average volume of 3,590,424. The company has a market capitalization of $33.13 million, a P/E ratio of -2.31 and a beta of 6.35. Pineapple Financial has a 52-week low of $0.20 and a 52-week high of $9.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $0.79 and a 200-day moving average price of $1.65.
About Pineapple Financial
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.
Featured Stories
- Five stocks we like better than Pineapple Financial
- 3 Sectors That Look Most Vulnerable Ahead of May 15
- Qualcomm Stock Doubles: New Era? Or Another False Start?
- 3 Industrial Stocks That Just Crushed Earnings
- A Quantum Shift: Why Speculative Money Is Ditching AI
Receive News & Ratings for Pineapple Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pineapple Financial and related companies with MarketBeat.com's FREE daily email newsletter.
