Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update
Glen Burnie Bancorp (NASDAQ:GLBZ) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 3,700 shares, a decline of 5.1% from the May 30th total of 3,900 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 3.7 days.
Separately, ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd.
GLBZ remained flat at $$10.44 during trading on Tuesday. 468 shares of the company’s stock traded hands, compared to its average volume of 1,565. The stock has a market capitalization of $29.45 million, a P/E ratio of 20.08 and a beta of 0.28. The business’s fifty day moving average is $10.71. Glen Burnie Bancorp has a 12 month low of $10.00 and a 12 month high of $13.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Monday, July 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.40 annualized dividend and a dividend yield of 3.83%.
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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