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.

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: