Patriot National Bancorp, Inc. (NASDAQ:PNBK) Sees Large Decline in Short Interest

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 62,400 shares, a decrease of 27.0% from the December 15th total of 85,500 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 54,700 shares, the days-to-cover ratio is currently 1.1 days.

Patriot National Bancorp Price Performance

Shares of PNBK traded down $0.15 during trading hours on Wednesday, reaching $1.63. The company had a trading volume of 10,609 shares, compared to its average volume of 7,179. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 6.83. Patriot National Bancorp has a 12-month low of $1.38 and a 12-month high of $4.70. The firm has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $1.84. The company has a market capitalization of $6.49 million, a price-to-earnings ratio of -0.22 and a beta of 0.45.

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.