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

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,900 shares, a drop of 65.0% from the February 28th total of 25,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Carver Bancorp in a report on Tuesday. They issued a “sell” rating on the stock.

Carver Bancorp Price Performance

NASDAQ:CARV opened at $1.41 on Friday. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39. 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 firm’s 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.74. The firm has a market cap of $7.21 million, a price-to-earnings ratio of -0.73 and a beta of 1.12.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC grew its position in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,600 shares of the savings and loans company’s stock after buying an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 as of its most recent SEC filing. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

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.