Patriot National Bancorp, Inc. (NASDAQ:PNBK) Sees Significant Increase in Short Interest

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 245,800 shares, an increase of 432.0% from the January 31st total of 46,200 shares. Based on an average daily volume of 910,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.4% of the company’s shares are sold short.

Patriot National Bancorp Trading Down 3.5 %

PNBK stock traded down $0.04 during midday trading on Friday, reaching $1.09. 65,925 shares of the company’s stock traded hands, compared to its average volume of 1,498,520. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.99 and a quick ratio of 0.97. Patriot National Bancorp has a fifty-two week low of $0.99 and a fifty-two week high of $4.05. The business has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $1.78. The company has a market capitalization of $4.33 million, a P/E ratio of -0.15 and a beta of 0.44.

Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.