Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Short Interest Up 260.5% in December

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,228 shares, an increase of 260.5% from the December 15th total of 618 shares. Based on an average trading volume of 10,666 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 10,666 shares, the short-interest ratio is presently 0.2 days.

Pinnacle Financial Partners Trading Down 0.2%

Shares of Pinnacle Financial Partners stock traded down $0.06 during trading on Tuesday, reaching $25.04. 15,754 shares of the stock traded hands, compared to its average volume of 14,238. The business has a fifty day simple moving average of $25.03 and a two-hundred day simple moving average of $24.98. Pinnacle Financial Partners has a 52-week low of $23.68 and a 52-week high of $25.89.

Pinnacle Financial Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Sunday, November 16th were issued a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, November 14th.

About Pinnacle Financial Partners

Pinnacle Financial Partners is a bank holding company headquartered in Nashville, Tennessee, offering commercial banking and wealth management services to businesses and individuals. Since its founding in 2000, Pinnacle has focused on delivering personalized financial solutions backed by local decision-making. The company operates under a centralized banking model, combining the resources of a regional institution with the responsiveness of a community bank.

The company’s core business activities include commercial lending, treasury management, and deposit services designed for small to middle-market enterprises, professional practices and real estate investors.