Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 61.3% in August

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 23,100 shares, a decline of 61.3% from the July 31st total of 59,700 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. acquired a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned 0.45% of Carver Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Stock Down 2.0 %

Shares of NASDAQ CARV traded down $0.04 on Wednesday, reaching $1.96. 6,295 shares of the company’s stock traded hands, compared to its average volume of 33,598. The business’s 50 day simple moving average is $1.73 and its two-hundred day simple moving average is $1.69. Carver Bancorp has a 12 month low of $1.15 and a 12 month high of $2.97. The company has a market cap of $9.77 million, a price-to-earnings ratio of -1.95 and a beta of 1.11. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.26.

Carver Bancorp (NASDAQ:CARV) last posted its quarterly earnings data on Tuesday, July 16th. The savings and loans company reported $0.01 earnings per share for the quarter. Carver Bancorp had a negative return on equity of 15.68% and a negative net margin of 7.31%. The company had revenue of $8.15 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Carver Bancorp in a report on Wednesday, August 21st. They issued a “sell” rating for the company.

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.