Pinewood Technologies Group PLC (OTCMKTS:PINWF) Short Interest Update

Pinewood Technologies Group PLC (OTCMKTS:PINWF) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 277,273 shares, a growth of 45.4% from the November 30th total of 190,737 shares. Based on an average daily volume of 510 shares, the days-to-cover ratio is presently 543.7 days. Based on an average daily volume of 510 shares, the days-to-cover ratio is presently 543.7 days.

Pinewood Technologies Group Price Performance

Shares of PINWF remained flat at $4.56 during midday trading on Tuesday. Pinewood Technologies Group has a 52-week low of $4.18 and a 52-week high of $7.25. The firm has a 50-day moving average price of $4.77 and a 200-day moving average price of $5.40.

About Pinewood Technologies Group

Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power. It also owns and operates the Westview port facility at Prince Rupert for the storage, handling, and loading of third party wood pellets.