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. Currently, 17.7% of the company’s shares are sold short. Based on an average daily trading volume, of 38,939 shares, the short-interest ratio is currently 3.4 days. Based on an average daily trading volume, of 38,939 shares, the short-interest ratio is currently 3.4 days. Currently, 17.7% of the company’s shares are sold short.

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $100.00.

Hedge Funds Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission. 0.25% of the stock is owned by institutional investors and hedge funds.

Pineapple Financial Stock Down 13.1%

NYSEAMERICAN:PAPL traded down $0.16 during trading hours on Friday, reaching $1.06. The company’s stock had a trading volume of 343,754 shares, compared to its average volume of 1,542,575. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $1.06 million, a P/E ratio of -0.11 and a beta of 2.46. The stock has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $3.68. Pineapple Financial has a 12 month low of $0.20 and a 12 month high of $14.00.

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.