Glen Burnie Bancorp (NASDAQ:GLBZ) Sees Large Decrease in Short Interest

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 4,600 shares, a decrease of 22.0% from the September 30th total of 5,900 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Glen Burnie Bancorp Stock Up 3.4 %

Shares of NASDAQ GLBZ opened at $5.54 on Monday. The stock’s 50 day moving average price is $5.42 and its two-hundred day moving average price is $4.87. Glen Burnie Bancorp has a 52-week low of $3.37 and a 52-week high of $7.16. The stock has a market capitalization of $16.07 million, a P/E ratio of 30.78 and a beta of 0.63.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a net margin of 3.41% and a return on equity of 3.04%. The firm had revenue of $3.03 million for 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.