Pinnacle Food Group Limited (NASDAQ:PFAI) Shares Shorted: Short Interest Down 93.3% in October

Pinnacle Food Group Limited (NASDAQ:PFAI) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 12,448 shares, a drop of 93.3% from the October 15th total of 186,847 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 94,772 shares, the days-to-cover ratio is currently 0.1 days.

Pinnacle Food Group Trading Down 5.3%

Shares of NASDAQ:PFAI traded down $0.15 on Tuesday, hitting $2.69. 20,986 shares of the company were exchanged, compared to its average volume of 385,472. Pinnacle Food Group has a 1-year low of $2.00 and a 1-year high of $7.02. The stock’s 50 day moving average price is $3.26 and its 200 day moving average price is $3.15.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pinnacle Food Group in a report on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.