Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Decreases By 19.0%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 39,600 shares, a drop of 19.0% from the November 30th total of 48,900 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 101,100 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. purchased a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned approximately 0.52% of Pineapple Financial at the end of the most recent quarter. 0.25% of the stock is currently owned by hedge funds and other institutional investors.

Pineapple Financial Stock Performance

Shares of NYSEAMERICAN PAPL traded down $0.03 during mid-day trading on Friday, reaching $0.44. 27,150 shares of the company were exchanged, compared to its average volume of 139,967. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 1.52. Pineapple Financial has a twelve month low of $0.41 and a twelve month high of $2.14.

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.