Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Down 23.8% in May

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,600 shares, a drop of 23.8% from the April 30th total of 2,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. bought a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned approximately 0.17% of Glen Burnie Bancorp at the end of the most recent reporting period. 9.78% of the stock is currently owned by institutional investors.

Glen Burnie Bancorp Stock Down 2.8%

GLBZ stock opened at $4.86 on Wednesday. Glen Burnie Bancorp has a 52 week low of $3.37 and a 52 week high of $6.99. The firm has a 50-day simple moving average of $5.11 and a 200-day simple moving average of $5.31. The stock has a market capitalization of $14.10 million, a P/E ratio of -121.50 and a beta of 0.29.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 EPS for the quarter. Glen Burnie Bancorp had a negative return on equity of 0.59% and a negative net margin of 0.68%. The company had revenue of $2.77 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.