Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 35.5% in April

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 15,600 shares, a drop of 35.5% from the March 31st total of 24,200 shares. Based on an average daily trading volume, of 24,900 shares, the short-interest ratio is presently 0.6 days.

Carver Bancorp Stock Up 8.8 %

Shares of Carver Bancorp stock traded up $0.13 during trading on Friday, reaching $1.60. 86,087 shares of the company traded hands, compared to its average volume of 25,228. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. Carver Bancorp has a 1-year low of $1.15 and a 1-year high of $4.77. The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.70. The firm has a market capitalization of $7.98 million, a PE ratio of -1.47 and a beta of 1.15.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned 0.45% of Carver Bancorp as of its most recent SEC filing. 18.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Carver Bancorp in a research report 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.