Patriot National Bancorp, Inc. (NASDAQ:PNBK) Short Interest Update

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 17,600 shares, a decrease of 18.1% from the September 30th total of 21,500 shares. Based on an average daily trading volume, of 45,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the shares of the stock are sold short.

Patriot National Bancorp Price Performance

Shares of NASDAQ:PNBK traded down $0.05 during trading on Wednesday, reaching $1.59. 8,598 shares of the company traded hands, compared to its average volume of 19,997. The firm has a market capitalization of $6.32 million, a PE ratio of -1.03 and a beta of 0.28. Patriot National Bancorp has a 52 week low of $1.39 and a 52 week high of $6.50. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 4.32. The company’s 50 day moving average is $1.75 and its two-hundred day moving average is $2.15.

Patriot National Bancorp (NASDAQ:PNBK) last posted its quarterly earnings data on Friday, August 9th. The bank reported ($0.77) earnings per share for the quarter. Patriot National Bancorp had a negative return on equity of 14.82% and a negative net margin of 9.48%. The firm had revenue of $7.09 million for the quarter.

About Patriot National Bancorp

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.