Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Decreases By 32.3%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 95,042 shares, a decline of 32.3% from the August 15th total of 140,447 shares. Based on an average trading volume of 58,197 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

Pineapple Financial Price Performance

Shares of PAPL opened at $0.87 on Friday. The firm has a market capitalization of $22.04 million, a price-to-earnings ratio of -1.59 and a beta of 5.51. The firm’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $0.95. Pineapple Financial has a twelve month low of $0.54 and a twelve month high of $7.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

Pineapple Financial (NYSEAMERICAN:PAPL) last posted its earnings results on Monday, July 20th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of ($0.41) by $1.40. The firm had revenue of $0.62 million for the quarter, compared to analyst estimates of $0.62 million. Pineapple Financial had a positive return on equity of 77.14% and a negative net margin of 92.89%.

About Pineapple Financial

Pineapple Financial Inc is a Canadian mortgage technology and brokerage company that supports mortgage professionals and consumers through digital tools, mortgage services and related operational resources. The company operates under the Pineapple brand and focuses on simplifying the mortgage application and origination process.

Its offerings include a proprietary technology platform designed to help mortgage brokers manage customer relationships, applications, documentation and transactions.