Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Down 20.8% in October

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) saw a large drop in short interest in the month of 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. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pineapple Financial stock. Total Investment Management Inc. bought a new position in Pineapple Financial Inc. (NYSEAMERICAN:PAPL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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. 0.25% of the stock is owned by hedge funds and other institutional investors.

Pineapple Financial Stock Performance

Pineapple Financial stock traded down $0.03 on Friday, hitting $0.53. 142,670 shares of the stock traded hands, compared to its average volume of 111,825. Pineapple Financial has a 1 year low of $0.51 and a 1 year high of $3.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.52 and a quick ratio of 1.52.

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.