Pinewood Technologies Group PLC (OTCMKTS:PINWF) Sees Significant Increase in Short Interest

Pinewood Technologies Group PLC (OTCMKTS:PINWFGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 339,030 shares, a growth of 85.6% from the June 15th total of 182,714 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,173 shares, the days-to-cover ratio is presently 156.0 days.

Pinewood Technologies Group Stock Performance

Shares of PINWF opened at $3.95 on Friday. The business’s 50-day moving average price is $3.48 and its 200-day moving average price is $4.03. Pinewood Technologies Group has a twelve month low of $2.85 and a twelve month high of $7.25.

About Pinewood Technologies Group

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Pinewood Technologies Group PLC is an automotive software provider. The Company is engaged in the dealer management software business. Pinewood Technologies Group PLC, formerly known as Pendragon PLC, is based in United Kingdom.

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