Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Significant Drop in Short Interest
by Mitch Edgeman · The Markets DailyPinnacle Food Group Limited (NASDAQ:PFAI – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 1,170 shares, a drop of 89.1% from the March 15th total of 10,705 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,740 shares, the days-to-cover ratio is presently 0.2 days.
Pinnacle Food Group Price Performance
PFAI stock traded up $0.25 on Friday, reaching $3.86. The company had a trading volume of 5,053 shares, compared to its average volume of 9,080. The company’s fifty day moving average is $2.54 and its 200 day moving average is $2.42. Pinnacle Food Group has a 1 year low of $1.30 and a 1 year high of $4.93.
Institutional Trading of Pinnacle Food Group
A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc acquired a new stake in shares of Pinnacle Food Group Limited (NASDAQ:PFAI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned 0.32% of Pinnacle Food Group as of its most recent filing with the Securities & Exchange Commission.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pinnacle Food Group in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Pinnacle Food Group currently has a consensus rating of “Sell”.
View Our Latest Report on Pinnacle Food Group
About Pinnacle Food Group
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.