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

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,900 shares, an increase 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.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. purchased a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned about 0.17% of Glen Burnie Bancorp at the end of the most recent reporting period. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

Glen Burnie Bancorp Price Performance

Shares of NASDAQ:GLBZ opened at $5.05 on Friday. Glen Burnie Bancorp has a fifty-two week low of $3.37 and a fifty-two week high of $6.99. The business has a 50-day moving average of $5.17 and a two-hundred day moving average of $5.49. The stock has a market capitalization of $14.65 million, a P/E ratio of -126.25 and a beta of 0.63.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings results 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.