What’s Ahead for Carver Bancorp Incorporated (NASDAQ:CARV) After More Shorted Shares?

January 14, 2018 - By Peter Erickson

 What’s Ahead for Carver Bancorp Incorporated (NASDAQ:CARV) After More Shorted Shares?

Investors sentiment increased to 1 in 2017 Q3. Its up 1.00, from 0 in 2017Q2. It is positive, as 1 investors sold Carver Bancorp, Inc. shares while 0 reduced holdings. 1 funds opened positions while 0 raised stakes. 724,673 shares or 0.03% less from 724,872 shares in 2017Q2 were reported.
Goldman Sachs reported 181,033 shares. Prudential Financial accumulated 181,033 shares or 0% of the stock. Moreover, Bank & Trust Of America De has 0% invested in Carver Bancorp, Inc. (NASDAQ:CARV) for 1 shares. Morgan Stanley owns 180,573 shares or 0% of their US portfolio. Wells Fargo And Communications Mn, California-based fund reported 1,000 shares. Citigroup reported 181,033 shares.

The stock of Carver Bancorp Incorporated (NASDAQ:CARV) registered an increase of 266.67% in short interest. CARV’s total short interest was 8,800 shares in January as published by FINRA. Its up 266.67% from 2,400 shares, reported previously. With 113,700 shares average volume, it will take short sellers 0 days to cover their CARV’s short positions. The short interest to Carver Bancorp Incorporated’s float is 0.74%.

The stock decreased 4.32% or $0.14 during the last trading session, reaching $3.1. About 8,488 shares traded. Carver Bancorp, Inc. (NASDAQ:CARV) has declined 18.75% since January 14, 2017 and is downtrending. It has underperformed by 35.45% the S&P500.

Carver Bancorp, Inc. operates as a bank holding firm for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York. The company has market cap of $11.46 million. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts. It currently has negative earnings. The firm also provides various loans, such as commercial, multi-family, and residential mortgages; construction loans; business loans; and consumer loans comprising credit card loans, personal loans, and unsecured loans, as well as other than loans secured by savings deposits.

More notable recent Carver Bancorp, Inc. (NASDAQ:CARV) news were published by: Marketwatch.com which released: “Carver Bancorp Inc.” on December 21, 2009, also Prnewswire.com with their article: “Carver Bancorp, Inc. Celebrates Black History Month by Ringing The Nasdaq …” published on February 02, 2017, Globenewswire.com published: “Carver Bancorp, Inc. Appoints Three New Board Members: Lewis Jones III …” on September 27, 2013. More interesting news about Carver Bancorp, Inc. (NASDAQ:CARV) were released by: Prnewswire.com and their article: “Carver Bancorp Announces Receipt Of Nasdaq Letter” published on July 21, 2017 as well as Prnewswire.com‘s news article titled: “Carver Bancorp Announces Receipt of Additional Nasdaq Letter” with publication date: July 21, 2017.

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