Pineapple Financial Inc. (NYSEAMERICAN:PAPL – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 303,192 shares, a decline of 75.6% from the April 30th total of 1,240,561 shares. Based on an average daily trading volume, of 681,437 shares, the short-interest ratio is currently 0.4 days. Currently, 1.2% of the company’s shares are sold short.
Pineapple Financial Stock Performance
Shares of PAPL stock remained flat at $1.07 on Friday. 117,402 shares of the stock traded hands, compared to its average volume of 3,225,495. Pineapple Financial has a one year low of $0.50 and a one year high of $9.53. The firm has a market cap of $27.92 million, a price-to-earnings ratio of -1.95 and a beta of 6.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day simple moving average of $0.90 and a two-hundred day simple moving average of $1.41.
Institutional Investors Weigh In On Pineapple Financial
An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.25% of the company’s stock.
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.
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