Short Interest in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Drops By 20.8%

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 22,800 shares, a drop of 20.8% from the October 15th total of 28,800 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 102,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pineapple Financial stock. Total Investment Management Inc. acquired a new stake in shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned 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

NYSEAMERICAN PAPL traded down $0.04 during trading hours on Friday, reaching $0.53. 142,594 shares of the company were exchanged, compared to its average volume of 149,756. 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 1 year low of $0.51 and a 1 year high of $3.97.

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.