Pinnacle Acquisition Corporation (NYSE:PNAQ) Stock Short Interest Report for October

Pinnacle Acquisition Corporation (NYSE:PNAQ) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 458 shares, a growth of 142.3% from the October 15th total of 189 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 34,592 shares, the days-to-cover ratio is presently 0.0 days.

Pinnacle Acquisition Stock Up 0.0%

Shares of NYSE PNAQ traded up $0.00 during mid-day trading on Friday, reaching $9.88. The company had a trading volume of 122 shares, compared to its average volume of 39,053. Pinnacle Acquisition has a 52-week low of $9.75 and a 52-week high of $10.00.

Pinnacle Acquisition (NYSE:PNAQ) last announced its quarterly earnings results on Thursday, September 17th. The company reported ($0.01) earnings per share for the quarter.

Pinnacle Acquisition Company Profile

Pinnacle Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a business combination with another company. Such a transaction may take the form of a merger, acquisition, stock exchange or similar arrangement. Unlike an operating business, Pinnacle was established to identify and evaluate a potential target rather than to sell products or provide services of its own. Its business activities center on completing a suitable transaction. Information about a specific target, operating markets and company leadership is not included here because it could not be confirmed reliably.