Carver Bancorp, Inc. (NASDAQ:CARV) Sees Significant Growth in Short Interest

Carver Bancorp, Inc. (NASDAQ:CARV) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 53,300 shares, agrowthof50.6% from the July 15th total of 35,400 shares. Based on an average trading volume of 42,600 shares, the days-to-cover ratio is currently 1.3 days. Currently,1.1% of the shares of the company are short sold. Currently,1.1% of the shares of the company are short sold. Based on an average trading volume of 42,600 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned approximately 0.68% of Carver Bancorp at the end of the most recent reporting period. Institutional investors own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Carver Bancorp in a research note on Tuesday, May 20th. They set a “sell” rating for the company.

Carver Bancorp Stock Down 1.1%

CARV opened at $1.7550 on Thursday. The business has a 50 day simple moving average of $1.89 and a 200-day simple moving average of $1.62. Carver Bancorp has a 12 month low of $1.30 and a 12 month high of $3.20. The stock has a market capitalization of $8.92 million, a P/E ratio of -0.72 and a beta of 1.28. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.00 and a quick ratio of 1.00.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings results on Wednesday, August 13th. The savings and loans company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $6.91 million during the quarter. Carver Bancorp had a negative net margin of 33.51% and a negative return on equity of 117.36%.

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.