Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Grows By 287.7%

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 totalling 59,700 shares, a growth of 287.7% from the July 15th total of 15,400 shares. Based on an average daily trading volume, of 49,800 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new position in Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises 0.0% of American Express Co’s investment portfolio, making the stock its 4th largest position. American Express Co owned 2.74% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by institutional investors and hedge funds.

Carver Bancorp Stock Up 2.1 %

Shares of NASDAQ:CARV traded up $0.04 during trading on Wednesday, hitting $1.96. The company’s stock had a trading volume of 10,332 shares, compared to its average volume of 35,125. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $2.97. The stock’s 50-day moving average price is $1.69 and its two-hundred day moving average price is $1.68. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $9.77 million, a PE ratio of -1.96 and a beta of 1.11.

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

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.