Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Significant Increase in Short Interest

Pinnacle Food Group Limited (NASDAQ:PFAI) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 25,373 shares, an increase of 44.0% from the December 15th total of 17,617 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 5,565 shares, the days-to-cover ratio is presently 4.6 days. Based on an average trading volume of 5,565 shares, the days-to-cover ratio is presently 4.6 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pinnacle Food Group in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Pinnacle Food Group

An institutional investor recently bought a new position in Pinnacle Food Group stock. Marex Group plc bought a new position in Pinnacle Food Group Limited (NASDAQ:PFAI) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 0.32% of Pinnacle Food Group as of its most recent SEC filing.

Pinnacle Food Group Trading Up 3.3%

PFAI traded up $0.07 during trading on Friday, reaching $2.20. The company’s stock had a trading volume of 16,820 shares, compared to its average volume of 19,914. The firm has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $2.14. Pinnacle Food Group has a 1 year low of $1.30 and a 1 year high of $4.93.

Pinnacle Food Group Company Profile

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.