Short Interest in Glen Burnie Bancorp (NASDAQ:GLBZ) Expands By 45.8%

Glen Burnie Bancorp (NASDAQ:GLBZ) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, an increase of 45.8% from the May 15th total of 2,400 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Glen Burnie Bancorp Trading Up 1.8 %

NASDAQ GLBZ traded up $0.07 during trading hours on Friday, reaching $3.94. The company’s stock had a trading volume of 29,486 shares, compared to its average volume of 11,472. The stock has a market cap of $11.39 million, a PE ratio of 11.26 and a beta of 0.65. The business has a 50-day simple moving average of $4.80 and a 200 day simple moving average of $5.67. Glen Burnie Bancorp has a 52 week low of $3.37 and a 52 week high of $8.30.

Glen Burnie Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 22nd were given a dividend of $0.10 per share. The ex-dividend date was Friday, April 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.15%. Glen Burnie Bancorp’s dividend payout ratio is currently 114.29%.

Institutional Investors Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Private Advisor Group LLC purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,266 shares of the financial services provider’s stock, valued at approximately $80,000. Private Advisor Group LLC owned about 0.46% of Glen Burnie Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 9.78% of the company’s stock.

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.