Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Significant Drop in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 31,400 shares, a decline of 65.9% from the January 31st total of 92,000 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 182,100 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, D. Boral Capital reissued a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a report on Thursday.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. purchased a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 0.52% of Pineapple Financial at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.25% of the company’s stock.

Pineapple Financial Stock Up 3.9 %

Shares of NYSEAMERICAN PAPL traded up $0.01 during midday trading on Friday, reaching $0.37. 75,180 shares of the stock were exchanged, compared to its average volume of 260,766. The company has a market capitalization of $3.26 million, a P/E ratio of -0.67 and a beta of -0.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.54 and a quick ratio of 0.54. Pineapple Financial has a twelve month low of $0.34 and a twelve month high of $2.14.

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.