Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 43.5% in October

Glen Burnie Bancorp (NASDAQ:GLBZ) saw 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. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are short sold.

Glen Burnie Bancorp Stock Performance

GLBZ traded down $0.20 during trading on Friday, hitting $5.76. The stock had a trading volume of 294 shares, compared to its average volume of 7,344. 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 has a twelve month low of $3.37 and a twelve month high of $7.16. The stock has a 50 day simple moving average of $5.58 and a two-hundred day simple moving average of $4.92.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share for the quarter. The company had revenue of $3.18 million during 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.