Pinnacle Acquisition Corporation (NYSE:PNAQ) Stock Short Interest Report for September

Pinnacle Acquisition Corporation (NYSE:PNAQ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 220 shares. Based on an average trading volume of 3,190 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Pinnacle Acquisition Stock Performance

Shares of Pinnacle Acquisition stock traded down $0.04 during midday trading on Wednesday, hitting $9.86. The company had a trading volume of 1,006 shares, compared to its average volume of 8,122. Pinnacle Acquisition has a 1-year low of $9.80 and a 1-year 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.