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

by · The Markets Daily

Patriot National Bancorp, Inc. (NASDAQ:PNBK – Get Free Report) was the target of a large decrease in short interest in 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 trading volume of 58,900 shares, the short-interest ratio is currently 1.5 days. Currently, 4.4% of the shares of the stock are sold short.

Patriot National Bancorp Price Performance

Shares of Patriot National Bancorp stock traded down $0.05 during trading on Tuesday, hitting $1.94. The stock had a trading volume of 7,926 shares, compared to its average volume of 21,694. The firm has a market cap of $7.71 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. Patriot National Bancorp has a 12 month low of $1.38 and a 12 month high of $4.70. The business’s 50-day moving average is $1.97 and its 200 day moving average is $1.86. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 6.83.

Patriot National Bancorp Company Profile

(Get Free Report)

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.

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