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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 85,500 shares, a decrease of 21.6% from the November 30th total of 109,100 shares. Based on an average daily trading volume, of 58,900 shares, the days-to-cover ratio is currently 1.5 days. Approximately 4.4% of the shares of the stock are short sold.

Patriot National Bancorp Price Performance

Patriot National Bancorp stock traded up $0.05 during mid-day trading on Monday, hitting $1.99. 33,907 shares of the company were exchanged, compared to its average volume of 21,755. 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 12-month low of $1.38 and a 12-month high of $4.70. The business’s 50 day simple moving average is $1.97 and its two-hundred day simple moving average is $1.86. The company has a market capitalization of $7.91 million, a P/E ratio of -0.27 and a beta of 0.43.

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.