Glen Burnie Bancorp (NASDAQ:GLBZ) Sees Significant Growth in Short Interest

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a large 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. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. acquired a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned approximately 0.17% of Glen Burnie Bancorp as of its most recent SEC filing. 9.78% of the stock is owned by institutional investors and hedge funds.

Glen Burnie Bancorp Trading Up 1.6 %

Shares of GLBZ stock traded up $0.09 during midday trading on Friday, reaching $5.77. 4,962 shares of the stock were exchanged, compared to its average volume of 4,626. The firm has a market cap of $16.73 million, a PE ratio of 192.40 and a beta of 0.61. The company’s 50 day moving average is $5.86 and its two-hundred day moving average is $5.35. Glen Burnie Bancorp has a 1 year low of $3.37 and a 1 year high of $7.10.

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

About Glen Burnie Bancorp

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.