Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Grows By 2,058.8%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,240,561 shares, an increase of 2,058.8% from the April 15th total of 57,465 shares. Based on an average trading volume of 19,464,350 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.1% of the shares of the stock are short sold.

Pineapple Financial Price Performance

NYSEAMERICAN:PAPL traded down $0.05 during midday trading on Monday, hitting $1.08. 356,721 shares of the company traded hands, compared to its average volume of 10,991,098. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s fifty day moving average is $0.78 and its 200-day moving average is $1.68. Pineapple Financial has a 12-month low of $0.20 and a 12-month high of $9.53.

Hedge Funds Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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. 0.25% of the stock is owned by institutional investors and hedge funds.

Pineapple Financial Company Profile

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.