Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 65.0% in March

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 8,900 shares, a decrease of 65.0% from the February 28th total of 25,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Carver Bancorp in a research note on Tuesday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.20% of the company’s stock.

Carver Bancorp Trading Down 1.4 %

CARV stock traded down $0.02 during mid-day trading on Friday, reaching $1.39. The company’s stock had a trading volume of 8,370 shares, compared to its average volume of 27,192. The company has a market cap of $7.10 million, a price-to-earnings ratio of -0.72 and a beta of 1.12. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39. The business’s 50 day moving average price is $1.64 and its 200 day moving average price is $1.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings data 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.