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

Carver Bancorp, Inc. (NASDAQ:CARV) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 10,500 shares, a decline of 37.5% from the February 29th total of 16,800 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Carver Bancorp

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Carver Bancorp by 15.4% in the third quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company’s stock valued at $619,000 after purchasing an additional 20,605 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Carver Bancorp during the 1st quarter worth about $566,000. Geode Capital Management LLC boosted its position in shares of Carver Bancorp by 4.2% during 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 in the last quarter. Citadel Advisors LLC increased its stake in Carver Bancorp by 29.3% in the fourth quarter. Citadel Advisors LLC now owns 37,198 shares of the savings and loans company’s stock valued at $73,000 after acquiring an additional 8,423 shares during the period. Finally, Calton & Associates Inc. acquired a new position in Carver Bancorp in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Stock Down 3.8 %

Shares of CARV opened at $1.53 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $1.80. Carver Bancorp has a 52 week low of $1.15 and a 52 week high of $5.36. The firm has a market capitalization of $7.63 million, a P/E ratio of -1.53 and a beta of 1.16.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Carver Bancorp in a research report on Friday, March 22nd. They issued a “sell” rating for the company.

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.