Pinnacle Bankshares Corp. (OTCMKTS:PPBN) Sees Large Increase in Short Interest

Pinnacle Bankshares Corp. (OTCMKTS:PPBN) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 356 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 2,270 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Pinnacle Bankshares Price Performance

Shares of Pinnacle Bankshares stock remained flat at $55.50 during midday trading on Thursday. The stock had a trading volume of 903 shares, compared to its average volume of 1,231. Pinnacle Bankshares has a 1-year low of $32.53 and a 1-year high of $55.54. The stock has a market cap of $119.88 million, a price-to-earnings ratio of 10.65 and a beta of 0.27. The company’s fifty day simple moving average is $52.62 and its 200-day simple moving average is $48.27.

Pinnacle Bankshares (OTCMKTS:PPBN) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.39 earnings per share for the quarter. The firm had revenue of $12.27 million for the quarter. Pinnacle Bankshares had a return on equity of 13.24% and a net margin of 19.32%.

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.