Patriot National Bancorp Inc. (NASDAQ:PNBK) Sees Significant Growth in Short Interest
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Patriot National Bancorp Inc. (NASDAQ:PNBK) experienced a significant increase in short interest, rising 37.1% to 2,309,313 shares by December 31. This represents approximately 2.3% of the company's stock. The days-to-cover ratio is 4.8 days based on an average trading volume of 479,350 shares. The stock traded down to $1.59, with a market cap of $182.83 million and a P/E ratio of -0.59. Analysts maintain a consensus "Sell" rating on the stock, reflecting concerns over its financial performance and negative return on equity.
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