Short Interest in Glen Burnie Bancorp (NASDAQ:GLBZ) Grows By 113.9%

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 15,400 shares, agrowthof113.9% from the June 30th total of 7,200 shares. Approximately0.7% of the company’s stock are short sold. Based on an average trading volume of 8,100 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 8,100 shares, the short-interest ratio is currently 1.9 days. Approximately0.7% of the company’s stock are short sold.

Glen Burnie Bancorp Stock Down 4.9%

NASDAQ GLBZ opened at $4.11 on Tuesday. The stock has a market cap of $11.92 million, a PE ratio of 411.41 and a beta of 0.26. Glen Burnie Bancorp has a fifty-two week low of $3.99 and a fifty-two week high of $6.99. The business has a 50 day moving average price of $4.99 and a two-hundred day moving average price of $5.04.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported ($0.07) earnings per share for the quarter. Glen Burnie Bancorp had a net margin of 0.19% and a return on equity of 0.16%. The firm had revenue of $2.96 million for the quarter.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. raised its holdings in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) by 38.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,040 shares of the financial services provider’s stock after purchasing an additional 39,487 shares during the quarter. Alliancebernstein L.P. owned 4.90% of Glen Burnie Bancorp worth $827,000 at the end of the most recent quarter. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

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.