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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 4,800 shares, a decline of 44.2% from the June 15th total of 8,600 shares. Based on an average trading volume of 7,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Patriot National Bancorp Stock Up 4.3 %

PNBK stock traded up $0.08 during midday trading on Friday, reaching $1.95. 6,730 shares of the company’s stock traded hands, compared to its average volume of 5,440. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 3.41. The firm’s fifty day moving average price is $2.34 and its 200-day moving average price is $3.35. Patriot National Bancorp has a 52 week low of $1.70 and a 52 week high of $10.06. The company has a market cap of $7.76 million, a price-to-earnings ratio of -2.07 and a beta of 0.29.

Patriot National Bancorp (NASDAQ:PNBK) last posted its earnings results on Wednesday, May 15th. The bank reported ($0.08) EPS for the quarter. Patriot National Bancorp had a negative return on equity of 8.51% and a negative net margin of 5.56%. The business had revenue of $7.65 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.