Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Declines By 29.3%

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 25,100 shares, a drop of 29.3% from the January 31st total of 35,500 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 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. 18.20% of the stock is currently owned by institutional investors.

Carver Bancorp Price Performance

NASDAQ:CARV traded up $0.03 during trading hours on Wednesday, hitting $1.60. The company’s stock had a trading volume of 341 shares, compared to its average volume of 8,574. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $1.80. The company has a market capitalization of $8.17 million, a P/E ratio of -0.83 and a beta of 1.13.

Carver Bancorp (NASDAQ:CARV) last announced 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 assumed coverage on Carver Bancorp in a research note on Saturday. They set a “sell” rating for the company.

About Carver Bancorp

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.