Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Short Interest Down 31.0% in November

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 4,900 shares, a decline of 31.0% from the October 31st total of 7,100 shares. Based on an average trading volume of 16,900 shares, the short-interest ratio is presently 0.3 days.

Pinnacle Financial Partners Trading Up 1.5 %

Shares of PNFPP traded up $0.36 during trading hours on Friday, hitting $24.98. The company had a trading volume of 54,708 shares, compared to its average volume of 14,481. The company’s fifty day moving average price is $24.70 and its two-hundred day moving average price is $24.10. Pinnacle Financial Partners has a one year low of $22.29 and a one year high of $25.16.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Saturday, November 16th will be given a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a yield of 6.76%. The ex-dividend date is Friday, November 15th.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.