Short Interest in Malvern Bancorp, Inc. (NASDAQ:MLVF) Drops By 27.9%

Malvern Bancorp, Inc. (NASDAQ:MLVFGet Rating) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 4,400 shares, a decrease of 27.9% from the April 15th total of 6,100 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Shares of MLVF opened at $15.73 on Friday. The stock has a market capitalization of $119.86 million, a PE ratio of -58.26 and a beta of 0.90. Malvern Bancorp has a 1 year low of $15.12 and a 1 year high of $19.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.11. The company’s 50-day simple moving average is $16.27 and its 200-day simple moving average is $16.21.

Malvern Bancorp (NASDAQ:MLVFGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Malvern Bancorp had a negative return on equity of 1.41% and a negative net margin of 5.39%. On average, sell-side analysts predict that Malvern Bancorp will post 0.84 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Malvern Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday.

Several hedge funds have recently added to or reduced their stakes in MLVF. Wells Fargo & Company MN increased its stake in shares of Malvern Bancorp by 3,656.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,540 shares of the savings and loans company’s stock worth $25,000 after buying an additional 1,499 shares during the period. Sterling Investment Advisors Ltd. purchased a new stake in shares of Malvern Bancorp during the fourth quarter worth approximately $31,000. Barclays PLC increased its stake in shares of Malvern Bancorp by 1,487.3% during the third quarter. Barclays PLC now owns 1,873 shares of the savings and loans company’s stock worth $32,000 after buying an additional 1,755 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Malvern Bancorp during the fourth quarter worth approximately $197,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Malvern Bancorp during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 48.13% of the company’s stock.

Malvern Bancorp Company Profile (Get Rating)

Malvern Bancorp, Inc operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. It offers personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts; safe deposit boxes, credit cards, wire transfers, access to automated teller services, Internet banking, ACH origination, telephone banking, and mobile banking services.

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