Short Interest in Glen Burnie Bancorp (NASDAQ:GLBZ) Expands By 43.5%

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are short sold.

Glen Burnie Bancorp Stock Down 3.4 %

Shares of NASDAQ GLBZ traded down $0.20 on Friday, reaching $5.76. 294 shares of the company’s stock traded hands, compared to its average volume of 7,344. The business’s 50 day simple moving average is $5.58 and its two-hundred day simple moving average is $4.92. Glen Burnie Bancorp has a 12 month low of $3.37 and a 12 month high of $7.16. The company has a market cap of $16.70 million, a price-to-earnings ratio of 192.06 and a beta of 0.62.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings data 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 company had revenue of $3.18 million during 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.