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

Pinnacle Acquisition Corporation (NYSE:PNAQ) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 220 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,190 shares, the short-interest ratio is currently 0.1 days.

Pinnacle Acquisition Stock Performance

Shares of NYSE PNAQ traded down $0.04 during trading hours on Wednesday, reaching $9.86. The stock had a trading volume of 1,006 shares, compared to its average volume of 8,122. Pinnacle Acquisition has a twelve month low of $9.80 and a twelve month high of $10.00.

Pinnacle Acquisition Company Profile

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.