Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Declines By 69.4%

Carver Bancorp, Inc. (NASDAQ:CARV) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 1,900 shares, a decrease of 69.4% from the June 15th total of 6,200 shares. Based on an average daily trading volume, of 39,300 shares, the short-interest ratio is currently 0.0 days.

Carver Bancorp Trading Up 3.5 %

NASDAQ CARV traded up $0.05 on Thursday, hitting $1.47. 18,236 shares of the stock were exchanged, compared to its average volume of 29,997. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $3.03. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $7.33 million, a price-to-earnings ratio of -1.48 and a beta of 1.11. The company’s 50-day moving average price is $1.68 and its two-hundred day moving average price is $1.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Carver Bancorp in a research report on Thursday, July 4th. They set 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 stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp makes up approximately 0.0% of American Express Co’s portfolio, making the stock its 4th largest position. American Express Co owned 2.74% of Carver Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 18.20% of the company’s stock.

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.