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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 17,600 shares, a drop of 18.1% from the September 30th total of 21,500 shares. Based on an average daily trading volume, of 45,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are short sold.

Patriot National Bancorp Stock Performance

Shares of PNBK stock traded down $0.05 during trading on Wednesday, reaching $1.59. 8,598 shares of the company’s stock were exchanged, compared to its average volume of 19,997. The firm’s fifty day moving average price is $1.75 and its 200-day moving average price is $2.15. Patriot National Bancorp has a twelve month low of $1.39 and a twelve month high of $6.50. The stock has a market capitalization of $6.32 million, a PE ratio of -1.03 and a beta of 0.28. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 4.32.

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

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.