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

Carver Bancorp, Inc. (NASDAQ:CARVGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 61,600 shares, an increase of 388.9% from the March 31st total of 12,600 shares. Based on an average trading volume of 96,300 shares, the days-to-cover ratio is currently 0.6 days.

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new position in Carver Bancorp during the third quarter valued at $973,000. Maltese Capital Management LLC bought a new position in Carver Bancorp during the third quarter valued at $267,000. Schonfeld Strategic Advisors LLC bought a new position in Carver Bancorp during the third quarter valued at $215,000. Morgan Stanley lifted its position in Carver Bancorp by 5,577.4% during the third quarter. Morgan Stanley now owns 150,450 shares of the savings and loans company’s stock valued at $2,678,000 after purchasing an additional 147,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Carver Bancorp by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,542 shares of the savings and loans company’s stock worth $508,000 after acquiring an additional 2,923 shares during the last quarter. Institutional investors and hedge funds own 27.45% of the company’s stock.

CARV stock traded down $0.06 during trading on Wednesday, hitting $6.78. 174,479 shares of the company’s stock traded hands, compared to its average volume of 93,690. Carver Bancorp has a 52 week low of $6.07 and a 52 week high of $42.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $7.09.

Carver Bancorp (NASDAQ:CARVGet Rating) last released its quarterly earnings data on Monday, February 14th. The savings and loans company reported $0.13 EPS for the quarter. Carver Bancorp had a negative net margin of 6.43% and a negative return on equity of 6.91%. The business had revenue of $6.90 million during the quarter.

A number of brokerages recently weighed in on CARV. TheStreet upgraded shares of Carver Bancorp from a “d” rating to a “c-” rating in a research report on Wednesday, February 16th. StockNews.com began coverage on shares of Carver Bancorp in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Carver Bancorp Company Profile (Get Rating)

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, 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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