Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Update

Carver Bancorp, Inc. (NASDAQ:CARVGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 24,200 shares, an increase of 130.5% from the March 15th total of 10,500 shares. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Carver Bancorp

A number of institutional investors have recently made changes to their positions in CARV. Citadel Advisors LLC purchased a new position in Carver Bancorp during the 2nd quarter valued at about $33,000. Calton & Associates Inc. purchased a new position in shares of Carver Bancorp during the fourth quarter valued at approximately $44,000. Renaissance Technologies LLC raised its holdings in shares of Carver Bancorp by 36.9% during the first quarter. Renaissance Technologies LLC now owns 50,776 shares of the savings and loans company’s stock valued at $203,000 after acquiring an additional 13,676 shares in the last quarter. Geode Capital Management LLC lifted its stake in Carver Bancorp by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after acquiring an additional 2,528 shares during the period. Finally, American Express Co purchased a new stake in Carver Bancorp in the fourth quarter worth $266,000. Hedge funds and other institutional investors own 18.20% of the company’s stock.

Analysts Set New Price Targets

Separately, started coverage on shares of Carver Bancorp in a research report on Sunday, April 7th. They set a “sell” rating for the company.

View Our Latest Stock Report on Carver Bancorp

Carver Bancorp Trading Down 1.5 %

CARV stock traded down $0.02 during trading on Friday, hitting $1.33. 32,258 shares of the company traded hands, compared to its average volume of 21,777. The company has a 50-day moving average of $1.61 and a 200-day moving average of $1.74. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $5.36. The firm has a market capitalization of $6.64 million, a PE ratio of -1.33 and a beta of 1.15.

About Carver Bancorp

(Get Free Report)

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.

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