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

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

Institutional Investors 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 Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 owned by institutional investors.

Pineapple Financial Stock Performance

Pineapple Financial stock traded down $0.04 during trading on Friday, reaching $0.53. The stock had a trading volume of 142,594 shares, compared to its average volume of 149,756. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45. Pineapple Financial has a 52-week low of $0.51 and a 52-week high of $3.97.

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.