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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 4,100 shares, a decline of 14.6% from the August 31st total of 4,800 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 0.4 days.

Patriot National Bancorp Stock Up 9.7 %

Shares of PNBK stock traded up $0.17 during mid-day trading on Friday, reaching $1.93. 4,482 shares of the company were exchanged, compared to its average volume of 7,696. The company has a market capitalization of $7.67 million, a P/E ratio of -2.05 and a beta of 0.28. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.05 and a current ratio of 1.07. Patriot National Bancorp has a fifty-two week low of $1.39 and a fifty-two week high of $8.00. The business’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $2.49.

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

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.