Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Increases By 2,058.8%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,240,561 shares, an increase of 2,058.8% from the April 15th total of 57,465 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 19,464,350 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Polar Asset Management Partners Inc. acquired a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter. 0.25% of the stock is owned by institutional investors and hedge funds.

Pineapple Financial Stock Down 4.4%

Shares of NYSEAMERICAN:PAPL opened at $1.08 on Tuesday. The stock has a market capitalization of $28.18 million, a P/E ratio of -1.96 and a beta of 6.35. The stock’s 50-day moving average price is $0.78 and its 200-day moving average price is $1.68. 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 12-month low of $0.20 and a 12-month high of $9.53.

Pineapple Financial Company Profile

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.