Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 32.4% in March

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 9,000 shares, an increase of 32.4% from the March 15th total of 6,800 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are sold short.

Glen Burnie Bancorp Price Performance

Shares of GLBZ stock traded up $0.37 during trading hours on Friday, reaching $5.21. 2,157 shares of the company traded hands, compared to its average volume of 7,956. The firm has a 50-day moving average price of $5.03 and a 200 day moving average price of $5.41. The company has a market cap of $15.11 million, a P/E ratio of -130.25 and a beta of 0.41. Glen Burnie Bancorp has a 12-month low of $3.37 and a 12-month high of $6.99.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a negative return on equity of 0.59% and a negative net margin of 0.68%.

Institutional Investors 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 position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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 at the end of the most recent quarter. 9.78% of the stock is owned by institutional investors and hedge funds.

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.