Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Significant Increase in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 25,200 shares, an increase of 53.7% from the February 28th total of 16,400 shares. Based on an average trading volume of 180,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the shares of the company are sold short.

Pineapple Financial Stock Performance

Pineapple Financial stock traded down $0.04 during midday trading on Friday, reaching $0.29. The company’s stock had a trading volume of 67,146 shares, compared to its average volume of 173,103. The company has a market capitalization of $2.56 million, a price-to-earnings ratio of -0.53 and a beta of -0.49. Pineapple Financial has a fifty-two week low of $0.18 and a fifty-two week high of $2.14. The company’s 50 day simple moving average is $0.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a report on Thursday, February 27th.

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.