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

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 25,100 shares, a drop of 29.3% from the January 31st total of 35,500 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC raised its holdings in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Carver Bancorp Trading Down 1.9 %

CARV stock traded down $0.03 during mid-day trading on Tuesday, reaching $1.57. 8,867 shares of the stock traded hands, compared to its average volume of 8,777. Carver Bancorp has a one year low of $1.26 and a one year high of $2.39. The stock has a market capitalization of $8.02 million, a PE ratio of -0.82 and a beta of 1.13. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.81.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) EPS for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

About Carver Bancorp

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.