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

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the recipient of a significant decrease in short interest in 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. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 101,100 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds 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 Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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. Hedge funds and other institutional investors own 0.25% of the company’s stock.

Pineapple Financial Trading Up 3.7 %

Pineapple Financial stock traded up $0.02 during trading hours on Monday, reaching $0.46. The stock had a trading volume of 45,294 shares, compared to its average volume of 139,590. Pineapple Financial has a 52 week low of $0.41 and a 52 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.

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.