Patriot National Bancorp, Inc. (NASDAQ:PNBK – Get Rating) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 3,700 shares, an increase of 27.6% from the March 15th total of 2,900 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company's stock are sold short.

Hedge Funds Weigh In On Patriot National Bancorp

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new stake in shares of Patriot National Bancorp during the 4th quarter valued at $141,000. Dimensional Fund Advisors LP boosted its position in shares of Patriot National Bancorp by 16.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 20,193 shares of the bank's stock valued at $212,000 after acquiring an additional 2,811 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Patriot National Bancorp during the 3rd quarter valued at about $252,000. Vanguard Group Inc. boosted its position in shares of Patriot National Bancorp by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 51,602 shares of the bank's stock valued at $874,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in Patriot National Bancorp in the 3rd quarter worth approximately $1,762,000. 38.75% of the stock is currently owned by institutional investors.

Patriot National Bancorp Stock Up 1.1 %

NASDAQ:PNBK traded up $0.10 during trading hours on Tuesday, hitting $9.60. 273 shares of the company traded hands, compared to its average volume of 6,041. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.73. The firm's 50-day simple moving average is $10.22 and its 200-day simple moving average is $10.42. Patriot National Bancorp has a one year low of $8.79 and a one year high of $16.48. The company has a market cap of $38.11 million, a PE ratio of 6.09 and a beta of 0.57.

Patriot National Bancorp Company Profile

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Patriot National Bancorp, Inc operates as a bank holding company. The firm offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, savings, prepaid deposit, online national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry services.

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