Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Large Growth in Short Interest

Pinnacle Food Group Limited (NASDAQ:PFAI) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 186,847 shares, a growth of 2,785.7% from the September 30th total of 6,475 shares. Based on an average trading volume of 6,356,164 shares, the short-interest ratio is currently 0.0 days. Approximately 1.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pinnacle Food Group in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Pinnacle Food Group Price Performance

Shares of PFAI traded up $0.31 on Wednesday, hitting $3.86. 126,586 shares of the stock traded hands, compared to its average volume of 401,572. The business has a 50 day simple moving average of $3.16 and a 200 day simple moving average of $3.09. Pinnacle Food Group has a one year low of $2.00 and a one year high of $7.02.

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.