Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

by · The Markets Daily

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 5,900 shares, an increase of 110.7% from the September 15th total of 2,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is currently 0.6 days.

Glen Burnie Bancorp Price Performance

NASDAQ GLBZ traded down $0.06 during mid-day trading on Friday, reaching $5.54. The stock had a trading volume of 1,068 shares, compared to its average volume of 7,657. The stock has a market cap of $16.04 million, a PE ratio of 15.84 and a beta of 0.63. Glen Burnie Bancorp has a 1 year low of $3.37 and a 1 year high of $7.16. The company has a fifty day moving average price of $5.24 and a 200 day moving average price of $4.86.

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) last posted its earnings results on Friday, July 26th. The financial services provider reported ($0.07) EPS for the quarter. Glen Burnie Bancorp had a return on equity of 3.04% and a net margin of 3.41%. The business had revenue of $3.03 million during the quarter.

Glen Burnie Bancorp Company Profile

(Get Free Report)

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.

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