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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 331,700 shares, a growth of 34.9% from the February 13th total of 245,800 shares. Based on an average daily volume of 921,500 shares, the short-interest ratio is currently 0.4 days. Approximately 15.4% of the company’s stock are sold short.

Patriot National Bancorp Stock Up 0.5 %

NASDAQ PNBK traded up $0.01 during mid-day trading on Tuesday, reaching $1.02. The stock had a trading volume of 5,365 shares, compared to its average volume of 266,111. Patriot National Bancorp has a 1 year low of $0.99 and a 1 year high of $4.04. The stock has a market cap of $4.04 million, a PE ratio of -0.14 and a beta of 0.54. The company has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.73. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.99 and a quick ratio of 0.97.

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.