Short Interest in Pinnacle Food Group Limited (NASDAQ:PFAI) Expands By 155.6%

Pinnacle Food Group Limited (NASDAQ:PFAI) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,784 shares, a growth of 155.6% from the April 30th total of 1,089 shares. Based on an average trading volume of 3,194 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Pinnacle Food Group

An institutional investor recently bought a new position in Pinnacle Food Group stock. Ground Swell Capital LLC purchased a new stake in Pinnacle Food Group Limited (NASDAQ:PFAI) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 0.10% of Pinnacle Food Group as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Pinnacle Food Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Pinnacle Food Group Price Performance

NASDAQ:PFAI traded down $0.25 during trading hours on Friday, reaching $3.64. 2,974 shares of the company’s stock were exchanged, compared to its average volume of 2,584. The company has a 50-day moving average of $3.56 and a 200 day moving average of $2.72. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 0.24. Pinnacle Food Group has a 1-year low of $1.30 and a 1-year high of $4.93.

Pinnacle Food Group Company Profile

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS). We currently sell hydroponic growing systems and technical support services to individual households and community groups and are developing a hydroponic growing system for urban farms.