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

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant increase in short interest during the month of 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. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 1.2 days.

Glen Burnie Bancorp Trading Up 1.6 %

Shares of Glen Burnie Bancorp stock traded up $0.09 during trading on Friday, reaching $5.77. The company’s stock had a trading volume of 4,962 shares, 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 has a 50-day moving average price of $5.86 and a two-hundred day moving average price of $5.35. Glen Burnie Bancorp has a fifty-two week low of $3.37 and a fifty-two week high of $7.10.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. acquired a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent filing 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 about 0.17% of Glen Burnie Bancorp at the end of the most recent reporting period. Institutional investors own 9.78% of the company’s stock.

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.