Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 128.6% in September

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 4,800 shares, an increase of 128.6% from the August 30th total of 2,100 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 3.0 days. Approximately 0.2% of the shares of the company are sold short.

NASDAQ GLBZ remained flat at $$10.80 during trading hours on Friday. The company had a trading volume of 100 shares, compared to its average volume of 1,083. The business’s 50-day moving average is $10.60 and its 200-day moving average is $10.68. Glen Burnie Bancorp has a one year low of $10.00 and a one year high of $12.79. The stock has a market cap of $30.50 million, a P/E ratio of 23.48 and a beta of 0.30.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.11 EPS for the quarter. Glen Burnie Bancorp had a return on equity of 3.81% and a net margin of 8.04%. The company had revenue of $3.41 million for the quarter.

Separately, ValuEngine raised Glen Burnie Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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 accepts various deposits, including demand savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, holiday club accounts, and certificates of deposit.

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