Pineapple Financial Inc. (NYSEAMERICAN:PAPL) Short Interest Down 32.3% in August

Pineapple Financial Inc. (NYSEAMERICAN:PAPL) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 95,042 shares, a decrease of 32.3% from the August 15th total of 140,447 shares. Based on an average daily trading volume, of 58,197 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the shares of the company are sold short.

Pineapple Financial Stock Performance

PAPL traded up $0.02 on Thursday, hitting $0.92. 6,050 shares of the company traded hands, compared to its average volume of 1,963,142. The company has a 50 day moving average of $1.03 and a 200-day moving average of $0.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $23.22 million, a PE ratio of -1.67 and a beta of 5.51. Pineapple Financial has a 12-month low of $0.54 and a 12-month high of $7.03.

Pineapple Financial (NYSEAMERICAN:PAPL) last posted its quarterly earnings data on Monday, July 20th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $1.40. Pineapple Financial had a positive return on equity of 77.14% and a negative net margin of 92.89%.The company had revenue of $0.62 million during the quarter, compared to analysts’ expectations of $0.62 million.

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. In addition, the company offers back office support services, such as digital and automated onboarding and set up, loan packaging and processing, digital document collection and client portals, loan maintenance activities, payroll, lender communication, reporting requirements for regulators and business management, cloud services, expense collections, document preparation, compliance, training, administration, and marketing.