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

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

Institutional Investors Weigh In On Pineapple Financial

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. bought a new position in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 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 Up 3.7 %

Shares of NYSEAMERICAN:PAPL traded up $0.02 during midday trading on Monday, reaching $0.46. 45,294 shares of the company’s stock were exchanged, compared to its average volume of 139,590. Pineapple Financial has a fifty-two week low of $0.41 and a fifty-two week high of $2.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.52 and a quick ratio of 1.52.

About Pineapple Financial

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.