Pinnacle Food Group Limited (NASDAQ:PFAI) Short Interest Up 155.6% in May

by · The Cerbat Gem

Pinnacle Food Group Limited (NASDAQ:PFAI – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 2,784 shares, an increase of 155.6% from the April 30th total of 1,089 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,194 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Ground Swell Capital LLC purchased a new stake in Pinnacle Food Group Limited (NASDAQ:PFAI – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 0.10% of Pinnacle Food Group at the end of the most recent quarter.

Pinnacle Food Group Trading Down 3.0%

PFAI traded down $0.12 during trading on Monday, hitting $3.78. The company’s stock had a trading volume of 811 shares, compared to its average volume of 11,699. Pinnacle Food Group has a twelve month low of $1.30 and a twelve month high of $4.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.20 and a quick ratio of 2.19. The stock’s fifty day moving average price is $3.56 and its 200-day moving average price is $2.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Pinnacle Food Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Pinnacle Food Group

About Pinnacle Food Group

(Get Free Report)

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.

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