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

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 157,400 shares, an increase of 193.7% from the September 30th total of 53,600 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.5% of the company’s shares are sold short.

Analyst Ratings Changes

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

Pinnacle Food Group Trading Down 3.3%

Shares of Pinnacle Food Group stock opened at $2.66 on Friday. Pinnacle Food Group has a 52 week low of $1.30 and a 52 week high of $4.93. The company has a fifty day simple moving average of $2.26.

Hedge Funds Weigh In On Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc bought a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned approximately 0.32% of Pinnacle Food Group at the end of the most recent quarter.

About Pinnacle Food Group

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).