Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Update

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 303,192 shares, a decline of 75.6% from the April 30th total of 1,240,561 shares. Based on an average daily volume of 681,437 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Investors 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 Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned 13.16% of Pineapple Financial as of its most recent SEC filing. Institutional investors and hedge funds own 0.25% of the company’s stock.

Pineapple Financial Stock Performance

NYSEAMERICAN:PAPL remained flat at $1.07 during mid-day trading on Friday. The company’s stock had a trading volume of 117,402 shares, compared to its average volume of 3,225,495. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.02. Pineapple Financial has a 1 year low of $0.50 and a 1 year high of $9.53. The stock has a market capitalization of $27.92 million, a price-to-earnings ratio of -1.95 and a beta of 6.35. The company has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $1.41.

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. 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.