Carver Bancorp, Inc. (NASDAQ:CARV – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 15,400 shares, a growth of 710.5% from the June 30th total of 1,900 shares. Based on an average trading volume of 52,000 shares, the days-to-cover ratio is currently 0.3 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a report on Saturday, July 20th. They issued a “sell” rating on the stock.
Get Our Latest Stock Report on Carver Bancorp
Carver Bancorp Stock Performance
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Carver Bancorp stock. American Express Co acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp accounts for about 0.0% of American Express Co’s investment portfolio, making the stock its 4th biggest holding. American Express Co owned 2.74% of Carver Bancorp as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.20% of the company’s stock.
Carver Bancorp Company Profile
Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.
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