Patriot National Bancorp (PNBK) Short Interest Ratio & Short Volume

Short interest is the volume of Patriot National Bancorp shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 2,600 shares of PNBK short. 0.13% of Patriot National Bancorp's shares are currently sold short. Learn More on Patriot National Bancorp's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.13% of Patriot National Bancorp's floating shares are currently sold short.

Patriot National Bancorp saw a drop in short interest in July. As of July 15th, there was short interest totaling 2,600 shares, a drop of 45.8% from the previous total of 4,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Patriot National Bancorp currently has issued a total of 3,980,000 shares. Some of Patriot National Bancorp's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Patriot National Bancorp currently has a public float of 2,030,000 shares.

0.13% of Patriot National Bancorp's shares are currently sold short. Here is how the short interest of companies in the industry of "national commercial banks" compare to Patriot National Bancorp: OptimumBank Holdings, Inc. (1.28%), AmeriServ Financial, Inc. (0.14%), JPMorgan Chase & Co. (0.79%), Bank of America Co. (0.92%), Wells Fargo & Company (0.97%), Citigroup Inc. (1.52%), UBS Group AG (0.29%), U.S. Bancorp (1.00%), The PNC Financial Services Group, Inc. (1.59%), Truist Financial Co. (1.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling PNBK is an investing strategy that aims to generate trading profit from Patriot National Bancorp as its price is falling. PNBK shares are trading up $0.13 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Patriot National Bancorp occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PNBK, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PNBK, twice per month. The most recent reporting period available is July, 15 2024.