Short Interest in Patriot National Bancorp, Inc. (NASDAQ:PNBK) Decreases By 21.6%

Patriot National Bancorp, Inc. (NASDAQ:PNBK) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 85,500 shares, a drop of 21.6% from the November 30th total of 109,100 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 58,900 shares, the days-to-cover ratio is currently 1.5 days.

Patriot National Bancorp Stock Down 3.0 %

NASDAQ PNBK opened at $1.94 on Friday. The company has a market cap of $7.71 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. Patriot National Bancorp has a 1-year low of $1.38 and a 1-year high of $4.70. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 6.83. The company has a 50 day moving average of $1.96 and a 200-day moving average of $1.86.

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.