Pinnacle Bankshares Corp. (OTCMKTS:PPBN) Sees Significant Growth in Short Interest

Pinnacle Bankshares Corp. (OTCMKTS:PPBN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 907 shares, a growth of 62.5% from the July 30th total of 558 shares. Based on an average daily trading volume, of 1,628 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Pinnacle Bankshares Price Performance

OTCMKTS PPBN remained flat at $65.66 on Monday. 1,457 shares of the company’s stock traded hands, compared to its average volume of 1,102. The business has a 50 day simple moving average of $60.02 and a two-hundred day simple moving average of $53.04. Pinnacle Bankshares has a 1 year low of $36.78 and a 1 year high of $68.87. The stock has a market capitalization of $141.89 million, a P/E ratio of 9.42 and a beta of 0.27.

Pinnacle Bankshares (OTCMKTS:PPBN) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.61 EPS for the quarter. Pinnacle Bankshares had a net margin of 23.60% and a return on equity of 14.00%. The firm had revenue of $17.22 million during the quarter.

About Pinnacle Bankshares

Pinnacle Bankshares Corporation operates as the bank holding company for First National Bank that provides a range of commercial and retail banking products and services. The company accepts checking accounts, savings and time deposits, individual retirement accounts, certificates of deposit, and money market accounts. Its loan products include residential and commercial mortgage loans, home equity loans, consumer installment loans, agricultural loans, investment loans, small business loans, commercial lines of credit, and letters of credit.