Glen Burnie Bancorp (NASDAQ:GLBZ) Sees Significant Growth in Short Interest

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,423 shares, a growth of 120.2% from the November 30th total of 8,821 shares. Based on an average trading volume of 17,016 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 17,016 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. grew its position in Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,359 shares of the financial services provider’s stock after buying an additional 9,501 shares during the quarter. Alliancebernstein L.P. owned approximately 7.18% of Glen Burnie Bancorp worth $969,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.78% of the company’s stock.

Glen Burnie Bancorp Stock Up 10.5%

NASDAQ:GLBZ traded up $0.39 during trading hours on Friday, reaching $4.10. 33,085 shares of the company’s stock were exchanged, compared to its average volume of 8,308. The company has a market capitalization of $11.89 million, a P/E ratio of 410.41 and a beta of 0.21. Glen Burnie Bancorp has a 12 month low of $3.71 and a 12 month high of $6.25. The business’s 50-day simple moving average is $4.43 and its two-hundred day simple moving average is $4.57.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $0.04 EPS for the quarter. The company had revenue of $3.02 million during the quarter. Glen Burnie Bancorp had a return on equity of 0.14% and a net margin of 0.16%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Glen Burnie Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Glen Burnie Bancorp Company Profile

Glen Burnie Bancorp, Inc is a bank holding company headquartered in Glen Burnie, Maryland. Established in 2003, the company conducts its banking operations through its wholly owned subsidiary, South River Bank, offering community banking services to individuals and businesses throughout the Baltimore–Washington metropolitan area.

South River Bank provides a comprehensive range of financial products and services, including checking and savings accounts, certificates of deposit, money market accounts, and consumer lending solutions such as residential mortgages and home equity lines of credit.