Short Interest in Glen Burnie Bancorp (NASDAQ:GLBZ) Increases By 56.4%

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 6,100 shares, an increase of 56.4% from the December 15th total of 3,900 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. bought a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned 0.17% of Glen Burnie Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 9.78% of the company’s stock.

Glen Burnie Bancorp Price Performance

NASDAQ GLBZ traded up $0.09 during trading hours on Friday, hitting $5.77. The company’s stock had a trading volume of 4,962 shares, compared to its average volume of 4,626. The company has a market cap of $16.73 million, a P/E ratio of 192.40 and a beta of 0.61. The company’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $5.35. Glen Burnie Bancorp has a 12 month low of $3.37 and a 12 month high of $7.10.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.04 earnings per share for the quarter. Glen Burnie Bancorp had a net margin of 0.60% and a return on equity of 0.50%. The firm had revenue of $3.18 million during the quarter.

Glen Burnie Bancorp Company Profile

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.