Pinnacle Food Group Limited (NASDAQ:PFAI) Sees Significant Increase in Short Interest

Pinnacle Food Group Limited (NASDAQ:PFAI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 12,209 shares, a growth of 246.8% from the July 30th total of 3,520 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 35,431 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Pinnacle Food Group in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Pinnacle Food Group

An institutional investor recently bought a new stake 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,264 shares of the company’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned approximately 0.10% of Pinnacle Food Group at the end of the most recent reporting period.

Pinnacle Food Group Stock Performance

Shares of Pinnacle Food Group stock traded down $0.33 on Friday, hitting $2.73. The stock had a trading volume of 1,352 shares, compared to its average volume of 18,521. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $3.20 and its 200 day moving average price is $3.20. Pinnacle Food Group has a 52-week low of $1.54 and a 52-week high of $4.93.

Pinnacle Food Group (NASDAQ:PFAI) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.05) EPS for the quarter. The business had revenue of $1.24 million for the quarter.

About Pinnacle Food Group

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.