Short Interest in Pinnacle Renewable Energy Inc. (OTCMKTS:PINWF) Drops By 18.8%

Pinnacle Renewable Energy Inc. (OTCMKTS:PINWF) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,300 shares, a decrease of 18.8% from the February 13th total of 1,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 13.0 days.

Pinnacle Renewable Energy Price Performance

Shares of PINWF opened at $4.49 on Thursday. Pinnacle Renewable Energy has a 1 year low of $4.00 and a 1 year high of $5.03. The company’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $8.11.

Pinnacle Renewable Energy Company Profile

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.