Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

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

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. purchased a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 9.78% of the company’s stock.

Glen Burnie Bancorp Stock Up 1.5 %

Shares of GLBZ traded up $0.09 during mid-day trading on Friday, hitting $5.77. The company had a trading volume of 4,945 shares, compared to its average volume of 4,624. Glen Burnie Bancorp has a 1-year low of $3.37 and a 1-year high of $7.10. The business’s 50-day simple moving average is $5.86 and its 200-day simple moving average is $5.35. The stock has a market cap of $16.72 million, a PE ratio of 192.23 and a beta of 0.61.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share 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 for 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.