Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Decreases By 65.0%

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 8,900 shares, a decrease of 65.0% from the February 28th total of 25,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is currently 0.8 days.

Carver Bancorp Price Performance

Shares of Carver Bancorp stock opened at $1.43 on Thursday. The company has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $1.75. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The stock has a market capitalization of $7.31 million, a price-to-earnings ratio of -0.74 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Carver Bancorp in a report on Tuesday. They set a “sell” rating for the company.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned approximately 0.68% of Carver Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Company Profile

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.