Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 122.6% in February

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,900 shares, a growth of 122.6% from the February 13th total of 3,100 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.78% of the company’s stock.

Glen Burnie Bancorp Price Performance

NASDAQ GLBZ traded down $0.05 during mid-day trading on Friday, reaching $5.00. The stock had a trading volume of 207 shares, compared to its average volume of 6,509. Glen Burnie Bancorp has a 1 year low of $3.37 and a 1 year high of $6.99. The stock has a market cap of $14.51 million, a PE ratio of -125.00 and a beta of 0.63. The company has a fifty day moving average price of $5.15 and a 200 day moving average price of $5.49.

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 for the quarter. Glen Burnie Bancorp had a negative return on equity of 0.59% and a negative net margin of 0.68%.

Glen Burnie Bancorp Company Profile

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.