What’s Carver Bancorp Incorporated (NASDAQ:CARV) Upside After This Short Interest Increase?

January 14, 2018 - By Michael Collier

 What's Carver Bancorp Incorporated (NASDAQ:CARV) Upside After This Short Interest Increase?

Investors sentiment increased to 1 in 2017 Q3. Its up 1.00, from 0 in 2017Q2. It increased, 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.
Wells Fargo & Mn holds 1,000 shares or 0% of its portfolio. Citigroup Inc holds 0% or 181,033 shares in its portfolio. National Bank Of America De owns 0% invested in Carver Bancorp, Inc. (NASDAQ:CARV) for 1 shares. 181,033 were reported by Prudential Inc. Goldman Sachs Grp Incorporated owns 0% invested in Carver Bancorp, Inc. (NASDAQ:CARV) for 181,033 shares. Morgan Stanley has invested 0% in Carver Bancorp, Inc. (NASDAQ:CARV).

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: Prnewswire.com which released: “Carver Bancorp, Inc. Celebrates Black History Month by Ringing The Nasdaq …” on February 02, 2017, 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 President and CEO Michael T. Pugh Honored by Union Settlement …” on April 26, 2016. 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 Globenewswire.com‘s news article titled: “Carver Bancorp, Inc. Appoints CEO Michael T. Pugh to Board of Directors” with publication date: October 26, 2015.

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