Short Interest in Pinnacle Bank (OTCMKTS:PBNK) Expands By 50.0%

Pinnacle Bank (OTCMKTS:PBNK - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 300 shares, an increase of 50.0% from the April 30th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 0.1 days.

Pinnacle Bank Price Performance

Shares of OTCMKTS:PBNK traded up $0.20 during trading on Thursday, hitting $19.95. 880 shares of the company's stock were exchanged, compared to its average volume of 3,249. The company has a market cap of $118.24 million, a price-to-earnings ratio of 11.21 and a beta of 0.32. The business's 50-day simple moving average is $18.81 and its 200 day simple moving average is $18.94. Pinnacle Bank has a 52-week low of $16.05 and a 52-week high of $20.20.

Pinnacle Bank (OTCMKTS:PBNK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $9.13 million during the quarter. Pinnacle Bank had a return on equity of 11.16% and a net margin of 19.06%.

About Pinnacle Bank

Pinnacle Bank, a commercial bank, provides various depository and credit services in Santa Clara, San Benito, and Monterey counties. The company offers checking, savings, money market, sweep, and individual retirement accounts, as well as certificates of deposit and certificates of deposit account registry services.