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.
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