Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Decreases By 37.4%

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 6,200 shares, a decline of 37.4% from the May 31st total of 9,900 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Wednesday. They issued a “sell” rating for the company.

Carver Bancorp Trading Up 3.6 %

Shares of NASDAQ CARV traded up $0.05 on Friday, reaching $1.41. 7,541 shares of the company traded hands, compared to its average volume of 58,677. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $3.03. The company has a 50 day moving average of $1.71 and a 200 day moving average of $1.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $7.03 million, a PE ratio of -1.41 and a beta of 1.13.

Institutional Inflows and Outflows

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

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.