Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Sees Large Increase in Short Interest

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 28,200 shares, a growth of 156.4% from the June 30th total of 11,000 shares. Based on an average daily volume of 265,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, EF Hutton Acquisition Co. I upgraded shares of Pineapple Financial to a “strong-buy” rating in a research report on Wednesday, May 29th.

Pineapple Financial Price Performance

Shares of PAPL stock traded up $0.05 on Friday, hitting $1.00. 444,904 shares of the stock traded hands, compared to its average volume of 404,731. Pineapple Financial has a 52 week low of $0.61 and a 52 week high of $4.25. 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 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.