Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Decreases By 69.4%

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,900 shares, a decrease of 69.4% from the June 15th total of 6,200 shares. Based on an average daily volume of 39,300 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Carver Bancorp in a research report on Thursday, July 4th. They set 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. American Express Co acquired a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp makes up 0.0% of American Express Co’s portfolio, making the stock its 4th largest holding. American Express Co owned approximately 2.74% of Carver Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 18.20% of the company’s stock.

Carver Bancorp Trading Up 3.5 %

CARV stock traded up $0.05 on Thursday, hitting $1.47. 18,236 shares of the company were exchanged, compared to its average volume of 29,997. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $3.03. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. The business’s fifty day moving average is $1.68 and its two-hundred day moving average is $1.70. The stock has a market capitalization of $7.33 million, a price-to-earnings ratio of -1.48 and a beta of 1.11.

Carver Bancorp Company Profile

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.