Pinnacle Food Group Limited (NASDAQ:PFAI – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 12,209 shares, a growth of 246.8% from the July 30th total of 3,520 shares. Based on an average daily trading volume, of 35,431 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Pinnacle Food Group stock. Ground Swell Capital LLC acquired a new position in shares of Pinnacle Food Group Limited (NASDAQ:PFAI – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 0.10% of Pinnacle Food Group at the end of the most recent quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued 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, According to MarketBeat, the company currently has an average rating of “Sell”.
Pinnacle Food Group Trading Down 15.7%
PFAI opened at $2.60 on Thursday. Pinnacle Food Group has a 12-month low of $1.54 and a 12-month high of $4.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.19 and a current ratio of 2.20. The stock has a fifty day moving average of $3.22 and a 200-day moving average of $3.19.
Pinnacle Food Group (NASDAQ:PFAI – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $1.24 million during the quarter.
Pinnacle Food Group Company Profile
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.
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