Short Interest in Pioneer Bankshares Inc. (OTCMKTS:PNBI) Drops By 82.7%

Pioneer Bankshares Inc. (OTCMKTS:PNBI) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 73 shares, a drop of 82.7% from the August 15th total of 422 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 289 shares, the days-to-cover ratio is currently 0.3 days.

Pioneer Bankshares Stock Performance

Shares of PNBI traded up $0.28 during midday trading on Friday, hitting $51.60. The stock has a market cap of $52.12 million, a price-to-earnings ratio of 12.96 and a beta of 0.17. The stock has a 50-day moving average price of $48.67 and a 200 day moving average price of $41.38. Pioneer Bankshares has a fifty-two week low of $28.80 and a fifty-two week high of $54.99.

About Pioneer Bankshares

Pioneer Bankshares, Inc is the bank holding company for Pioneer Bank, a locally focused community banking organization serving residents and businesses in the Mid?Atlantic region. Through its subsidiary, the company provides a full suite of commercial and retail banking services, including checking and savings accounts, certificates of deposit, and money market instruments. Pioneer Bank’s commercial lending portfolio encompasses commercial real estate, construction, equipment financing, and operating lines of credit tailored to small? and medium?size enterprises.

In addition to traditional deposit and lending products, Pioneer Bankshares offers a range of treasury management and cash?management services designed to help businesses optimize liquidity and streamline receivables and payables.