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

Carver Bancorp, Inc. (NASDAQ:CARV) saw a large decrease in short interest in the month of 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. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.20% of the company’s stock.

Carver Bancorp Stock Performance

CARV traded down $0.02 during trading on Friday, reaching $1.39. 8,370 shares of the company were exchanged, compared to its average volume of 27,192. The firm has a 50 day moving average of $1.64 and a 200 day moving average of $1.74. The stock has a market cap of $7.10 million, a P/E ratio of -0.72 and a beta of 1.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Tuesday. They issued a “sell” rating on the 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.