Pinnacle Acquisition Corporation (NYSE:PNAQ) Sees Large Growth in Short Interest

Pinnacle Acquisition Corporation (NYSE:PNAQ – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 220 shares. Based on an average daily trading volume, of 3,190 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Pinnacle Acquisition Stock Up 0.1%

Pinnacle Acquisition stock traded up $0.01 during midday trading on Friday, hitting $9.82. 21,336 shares of the company were exchanged, compared to its average volume of 6,875. Pinnacle Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.00.

Pinnacle Acquisition Company Profile

(Get Free Report)

Pinnacle Acquisition Corp. (NYSE: PNAQ) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Potential transactions may include a merger, stock exchange, asset acquisition, reorganization or similar business combination.

Unlike an operating company, Pinnacle Acquisition does not have an established portfolio of products or services, manufacturing operations or defined geographic customer base. Its principal activities are focused on evaluating potential acquisition targets and pursuing a transaction that would result in a combined public company.

Information about Pinnacle Acquisition’s specific target industry, operating businesses, geographic markets and leadership is limited.

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