Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Down 19.0% in December

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large drop in short interest in 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. Based on an average trading volume of 101,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the shares of the stock are short sold.

Pineapple Financial Price Performance

Shares of PAPL stock traded down $0.03 during mid-day trading on Friday, reaching $0.44. 27,150 shares of the stock traded hands, compared to its average volume of 139,967. Pineapple Financial has a 1-year low of $0.41 and a 1-year 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.

Hedge Funds Weigh In On Pineapple Financial

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. bought a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned 0.52% of Pineapple Financial as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.25% of the company’s stock.

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.