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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 108,300 shares, a growth of 515.3% from the October 15th total of 17,600 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily trading volume, of 48,000 shares, the days-to-cover ratio is currently 2.3 days.

Patriot National Bancorp Trading Up 1.7 %

Patriot National Bancorp stock traded up $0.03 during midday trading on Wednesday, hitting $1.84. 3,367 shares of the stock were exchanged, compared to its average volume of 19,569. Patriot National Bancorp has a 52 week low of $1.39 and a 52 week high of $5.90. The stock has a market capitalization of $7.32 million, a PE ratio of -1.17 and a beta of 0.30. 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 has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $2.02.

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.