Could Carver Bancorp Incorporated (NASDAQ:CARV) Change Direction After Less Shorts?

September 17, 2017 - By Stephen Andrade

 Could Carver Bancorp Incorporated (NASDAQ:CARV) Change Direction After Less Shorts?

Investors sentiment decreased to 0 in Q4 2016. Its down 1.00, from 1 in 2016Q3. It dropped, as 1 investors sold Carver Bancorp Inc shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 746,328 shares or 0.20% less from 747,816 shares in 2016Q3 were reported.
Wells Fargo Mn stated it has 0% of its portfolio in Carver Bancorp Inc (NASDAQ:CARV). Prudential, New Jersey-based fund reported 181,033 shares. Citigroup Incorporated owns 0% invested in Carver Bancorp Inc (NASDAQ:CARV) for 181,033 shares. Tower Rech Capital Lc (Trc) reported 3,293 shares stake. Goldman Sachs Gp Incorporated has invested 0% of its portfolio in Carver Bancorp Inc (NASDAQ:CARV). Moreover, Morgan Stanley has 0% invested in Carver Bancorp Inc (NASDAQ:CARV) for 180,573 shares.

The stock of Carver Bancorp Incorporated (NASDAQ:CARV) registered a decrease of 28.57% in short interest. CARV’s total short interest was 500 shares in September as published by FINRA. Its down 28.57% from 700 shares, reported previously. With 1,100 shares average volume, it will take short sellers 1 days to cover their CARV’s short positions. The short interest to Carver Bancorp Incorporated’s float is 0.04%.

The stock increased 10.00% or $0.24 on September 15, reaching $2.64. About 294 shares traded. Carver Bancorp Inc (NASDAQ:CARV) has declined 18.75% since September 17, 2016 and is downtrending. It has underperformed by 35.45% the S&P500.

Carver Bancorp, Inc. is the holding firm for Carver Federal Savings Bank , a federally chartered savings bank. The company has market cap of $9.76 million. The Firm conducts business as a unitary savings and loan holding company, and the business of the Company consists of the operation of its subsidiary, Carver Federal. It currently has negative earnings. Carver Federal serves African-American communities whose residents, businesses and institutions had limited access to mainstream financial services.

More notable recent Carver Bancorp Inc (NASDAQ:CARV) news were published by: Globenewswire.com which released: “Carver Bancorp, Inc. Provides Summary of 2015 Annual Meeting” on September 29, 2015, also Quotes.Wsj.com with their article: “Carver Bancorp Inc.” published on February 12, 2011, Marketwatch.com published: “2.7199” on December 21, 2009. 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 Globenewswire.com‘s news article titled: “Carver Bancorp President and CEO Michael T. Pugh Honored by Union Settlement …” with publication date: April 26, 2016.

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