Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 120.2% in December

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant growth in short interest during 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 short-interest 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 short-interest ratio is currently 1.1 days.

Glen Burnie Bancorp Price Performance

Shares of Glen Burnie Bancorp stock opened at $4.10 on Friday. Glen Burnie Bancorp has a one year low of $3.71 and a one year 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. The stock has a market capitalization of $11.97 million, a P/E ratio of 410.41 and a beta of 0.21.

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

Hedge Funds Weigh In On Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. lifted its position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,359 shares of the financial services provider’s stock after purchasing an additional 9,501 shares during the period. Alliancebernstein L.P. owned 7.18% of Glen Burnie Bancorp worth $969,000 as of its most recent SEC filing. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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