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

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 25,100 shares, a drop of 29.3% from the January 31st total of 35,500 shares. Based on an average daily volume of 13,100 shares, the short-interest ratio is currently 1.9 days.

Carver Bancorp Stock Down 1.9 %

CARV traded down $0.03 on Tuesday, hitting $1.57. The company had a trading volume of 8,867 shares, compared to its average volume of 8,777. The stock has a market capitalization of $8.02 million, a price-to-earnings ratio of -0.82 and a beta of 1.13. 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 stock has a fifty day moving average price of $1.79 and a 200-day moving average price of $1.81. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39.

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%.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently raised its stake in Carver Bancorp stock. Renaissance Technologies LLC raised its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 about 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Carver Bancorp in a report on Saturday. They set 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.