Pinnacle Renewable Energy Inc. (OTCMKTS:PINWF) Short Interest Down 18.8% in February

Pinnacle Renewable Energy Inc. (OTCMKTS:PINWF) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,300 shares, a drop of 18.8% from the February 13th total of 1,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 13.0 days. Approximately 0.0% of the shares of the company are sold short.

Pinnacle Renewable Energy Price Performance

Shares of PINWF remained flat at $4.49 during mid-day trading on Tuesday. The company has a 50-day moving average price of $6.64 and a 200 day moving average price of $8.17. Pinnacle Renewable Energy has a 52 week low of $4.00 and a 52 week high of $5.03.

About Pinnacle Renewable Energy

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.