Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Significant Decrease in Short Interest

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 7,620 shares, a decline of 70.0% from the December 31st total of 25,373 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,213 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 33,213 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc acquired a new position in Pinnacle Food Group Limited (NASDAQ:PFAI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 0.32% of Pinnacle Food Group at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pinnacle Food Group in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Pinnacle Food Group currently has a consensus rating of “Sell”.

Pinnacle Food Group Stock Up 6.8%

Shares of PFAI stock traded up $0.15 during trading hours on Wednesday, reaching $2.36. 5,480 shares of the company’s stock were exchanged, compared to its average volume of 22,689. Pinnacle Food Group has a fifty-two week low of $1.30 and a fifty-two week high of $4.93. The business has a fifty day moving average price of $2.22 and a 200-day moving average price of $2.16.

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.