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

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

Pineapple Financial Stock Down 1.2 %

Shares of NYSEAMERICAN PAPL traded down $0.01 during midday trading on Tuesday, reaching $0.45. 38,741 shares of the stock were exchanged, compared to its average volume of 139,193. 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 $0.41 and a 52-week high of $2.14.

Institutional Investors 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 shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,564 shares of the company’s stock, valued at approximately $30,000. Total Investment Management Inc. owned about 0.52% of Pineapple Financial as of its most recent filing with the Securities & Exchange Commission. 0.25% of the stock is owned by institutional investors.

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.