Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 6,600 shares, an increase of 43.5% from the October 15th total of 4,600 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 1.2 days.

Glen Burnie Bancorp Stock Performance

Shares of NASDAQ:GLBZ traded down $0.20 during midday trading on Friday, hitting $5.76. 294 shares of the stock were exchanged, compared to its average volume of 7,344. Glen Burnie Bancorp has a 52-week low of $3.37 and a 52-week high of $7.16. The business’s fifty day simple moving average is $5.58 and its two-hundred day simple moving average is $4.92. The company has a market capitalization of $16.70 million, a PE ratio of 192.06 and a beta of 0.62.

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

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.