What Next for Carver Bancorp Incorporated (NASDAQ:CARV) Stock After Increase in Shorted Shares?

January 14, 2018 - By Marie Mckinney

 What Next for Carver Bancorp Incorporated (NASDAQ:CARV) Stock After Increase in Shorted Shares?

Investors sentiment increased to 1 in Q3 2017. Its up 1.00, from 0 in 2017Q2. It improved, 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.
Citigroup stated it has 0% in Carver Bancorp, Inc. (NASDAQ:CARV). Morgan Stanley reported 180,573 shares. Wells Fargo & Company Mn invested in 0% or 1,000 shares. Bankshares Of America De reported 0% of its portfolio in Carver Bancorp, Inc. (NASDAQ:CARV). Prudential Fincl stated it has 181,033 shares or 0% of all its holdings. Goldman Sachs Group holds 0% of its portfolio in Carver Bancorp, Inc. (NASDAQ:CARV) for 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: Globenewswire.com which released: “Carver Bancorp President and CEO Michael T. Pugh Honored by Union Settlement …” on April 26, 2016, also Globenewswire.com with their article: “Carver Bancorp, Inc. Announces Chief Financial Officer Notice of Departure” published on January 12, 2016, Globenewswire.com published: “Carver Bancorp, Inc. Appoints CEO Michael T. Pugh to Board of Directors” on October 26, 2015. More interesting news about Carver Bancorp, Inc. (NASDAQ:CARV) were released by: Prnewswire.com and their article: “Carver Bancorp, Inc. Celebrates Black History Month by Ringing The Nasdaq …” published on February 02, 2017 as well as Prnewswire.com‘s news article titled: “Carver Bancorp Announces Receipt of Additional Nasdaq Letter” with publication date: July 21, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.