Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Increases By 130.5%

Carver Bancorp, Inc. (NASDAQ:CARVGet Free Report) saw a significant 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 short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Sunday, April 7th. They issued a “sell” rating for the company.

Read Our Latest Stock Report on CARV

Institutional Trading of Carver Bancorp

Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in shares of Carver Bancorp in the second quarter worth $33,000. Calton & Associates Inc. bought a new stake in Carver Bancorp during the fourth quarter worth $44,000. Renaissance Technologies LLC lifted its stake in Carver Bancorp by 36.9% in 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 during the last quarter. Geode Capital Management LLC grew its position in shares of Carver Bancorp by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock valued at $254,000 after acquiring an additional 2,528 shares during the period. Finally, American Express Co bought a new position in shares of Carver Bancorp in the 4th quarter valued at about $266,000. Institutional investors own 18.20% of the company’s stock.

Carver Bancorp Stock Performance

Shares of CARV stock opened at $1.33 on Friday. The company’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.74. 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 12 month low of $1.15 and a 12 month high of $5.36.

Carver Bancorp Company Profile

(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.

Further Reading

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