Thursday, June 1, 2017 2:54 PM EDT
Patriot National Inc (NYSE: PN) provides technology and outsourcing services and has a market cap of $70 Million. The name has underperformed, dropping from a 52-week high of a $9-handle in August to $2.50 at today’s open. The stock is tough to find, with only scraps shown by both retail and smaller banks. The current largest holders are mainly individuals. Short Interest is 28% of the float, and utilization has remained steady at 86%. The borrow fee has stayed consistent in the 90s. On May 30th, the company announced it is exploring strategic alternatives, but there has been no material change in the share price.
Disclosure: The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the ...
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Disclosure: The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
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