Short Interest in Pinnacle Food Group Limited (NASDAQ:PFAI) Drops By 53.5%

Pinnacle Food Group Limited (NASDAQ:PFAI) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,089 shares, a drop of 53.5% from the April 15th total of 2,342 shares. Based on an average daily volume of 6,965 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Pinnacle Food Group Stock Performance

NASDAQ:PFAI traded up $0.06 during trading hours on Friday, hitting $3.80. The stock had a trading volume of 4,811 shares, compared to its average volume of 5,269. Pinnacle Food Group has a one year low of $1.30 and a one year high of $4.93. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $3.27 and its 200-day moving average is $2.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Pinnacle Food Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pinnacle Food Group stock. Ground Swell Capital LLC acquired a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned approximately 0.10% of Pinnacle Food Group as of its most recent SEC filing.

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.