Patriot National Bancorp, Inc. (NASDAQ:PNBK) Short Interest Up 432.0% in February

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 245,800 shares, a growth of 432.0% from the January 31st total of 46,200 shares. Approximately 11.4% of the company’s stock are short sold. Based on an average trading volume of 910,600 shares, the short-interest ratio is currently 0.3 days.

Patriot National Bancorp Price Performance

Shares of PNBK stock traded up $0.05 on Thursday, hitting $1.13. 162,445 shares of the stock traded hands, compared to its average volume of 1,536,204. The firm has a market cap of $4.49 million, a price-to-earnings ratio of -0.15 and a beta of 0.44. The firm has a 50 day simple moving average of $1.68 and a two-hundred day simple moving average of $1.79. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.99 and a quick ratio of 0.97. Patriot National Bancorp has a 52 week low of $0.99 and a 52 week high of $4.05.

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.