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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,800 shares, an increase of 140.0% from the August 15th total of 2,000 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.6 days.

Patriot National Bancorp Stock Performance

PNBK traded down $0.02 during midday trading on Friday, reaching $1.79. The company had a trading volume of 2,520 shares, compared to its average volume of 5,563. Patriot National Bancorp has a 1 year low of $1.39 and a 1 year high of $8.39. 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 market cap of $7.12 million, a P/E ratio of -1.90 and a beta of 0.28. The business has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.64.

Patriot National Bancorp (NASDAQ:PNBK) last released its earnings results on Friday, August 9th. The bank reported ($0.77) earnings per share (EPS) 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 during the quarter.

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.