Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Update
by Scott Moore · The Cerbat GemPineapple Financial Inc. (NYSEAMERICAN:PAPL – Get Free Report) saw a significant decline in short interest in 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 trading volume, of 681,437 shares, the short-interest ratio is currently 0.4 days. Currently, 1.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. bought a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 131,578 shares of the company’s stock, valued at approximately $741,000. Polar Asset Management Partners Inc. owned about 13.16% of Pineapple Financial as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.25% of the company’s stock.
Pineapple Financial Stock Performance
Shares of NYSEAMERICAN PAPL remained flat at $1.07 during midday trading on Friday. 117,402 shares of the stock were exchanged, compared to its average volume of 390,224. 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 52 week low of $0.50 and a 52 week high of $9.53. The stock’s fifty day moving average price is $0.91 and its 200 day moving average price is $1.39. The firm has a market cap of $27.92 million, a P/E ratio of -1.95 and a beta of 5.76.
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.