Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Decreases By 37.4%

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 6,200 shares, a drop of 37.4% from the May 31st total of 9,900 shares. Based on an average daily trading volume, of 37,900 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Carver Bancorp in a research report on Wednesday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

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

Carver Bancorp Stock Up 3.6 %

Shares of CARV stock traded up $0.05 during mid-day trading on Friday, reaching $1.41. 7,541 shares of the company’s stock traded hands, compared to its average volume of 58,677. The company’s 50-day moving average price is $1.71 and its 200-day moving average price is $1.71. The company has a market cap of $7.03 million, a P/E ratio of -1.41 and a beta of 1.13. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32. Carver Bancorp has a 12 month low of $1.15 and a 12 month high of $3.03.

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.