Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Short Interest Update

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 333.3% from the February 28th total of 300 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.1 days.

Pinnacle Financial Partners Trading Up 0.4 %

Shares of NASDAQ:PNFPP opened at $24.54 on Friday. Pinnacle Financial Partners has a 1 year low of $22.76 and a 1 year high of $25.29. The firm’s 50-day moving average is $24.89 and its two-hundred day moving average is $24.75.

Pinnacle Financial Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Friday, February 14th were paid a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a yield of 6.88%. The ex-dividend date was Friday, February 14th.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.