Pinewood Technologies Group PLC (OTCMKTS:PINWF) Sees Significant Growth in Short Interest

Pinewood Technologies Group PLC (OTCMKTS:PINWF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 277,273 shares, an increase of 45.4% from the November 30th total of 190,737 shares. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is currently 543.7 days. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is currently 543.7 days.

Pinewood Technologies Group Price Performance

OTCMKTS PINWF remained flat at $4.56 during mid-day trading on Wednesday. The company has a 50 day moving average price of $4.75 and a 200-day moving average price of $5.40. Pinewood Technologies Group has a twelve month low of $4.18 and a twelve month high of $7.25.

About Pinewood Technologies Group

Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power. It also owns and operates the Westview port facility at Prince Rupert for the storage, handling, and loading of third party wood pellets.