Carver Bancorp, Inc. (NASDAQ:CARV) Traded -10.9% Below Its 50 Day Average

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Shares of the company are trading at $2.12 quite a bit below $2.38, the 50 day moving average and which is significantly below the 200 day moving average of $3.12. The 50 day moving average moved down $-0.26 whereas the 200 day average was down by -31.97%. Trading volume for Carver Bancorp, Inc. was 100 in the last trading session. Overall, volume was down 88.49% under the stocks normal daily volume.

Investors are feeling more bullish on shares of Carver Bancorp, Inc. recently as inferred by the fall in short interest. The firm saw a fall in short interest between September 15, 2017 and September 29, 2017 of -39.49%. Short shares decreased 541 over that period. Days to cover decreased from 2.0 to 1.0 and the percentage of shorted shares was 0.00% on September 29.

These firms have modified their investment in CARV. As of quarter end Bank Of America Corp /de/ had acquired 51 shares growing its stake by 300.0%. The value of the investment in CARV decreased from $0 to $0 a change of nan% for the reporting period. Tower Research Capital LLC (trc) trimmed its ownership by selling 36 shares a decrease of 15.3% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) now controls 200 shares valued at $1,000. The value of the position overall is down by 0.0%.

As of the end of the quarter Ubs Group Ag had bought a total of 1,239 shares growing its position 579.0%. The value of the company’s investment in Carver Bancorp, Inc. went from $1,000 to $5,000 a change of $4,000 quarter to quarter.

Carver Bancorp, Inc., launched on May 9, 1996, is the holding company for Carver Federal Savings Bank (Carver Federal). The Company conducts business as a unitary savings and loan holding company, and the principal business of the Company consists of the operation of its subsidiary, Carver Federal. Carver Federal engages in a range of consumer and commercial banking services. Carver Federal provides deposit products, including demand, savings and time deposits for consumers, businesses and governmental and quasi-governmental agencies in its local market area within New York City. In addition to deposit products, Carver Federal offers various other consumer and commercial banking products and services, including debit cards, online banking, online bill pay and telephone banking. Carver Federal also offers a suite of products and services for unbanked and underbanked consumers, branded as Carver Community Cash. This includes check cashing, wire transfers, bill payment, reloadable prepaid cards and money orders. Carver Federal offers loan products covering various asset classes, including commercial and multifamily mortgages, construction loans and business loans. The Bank finances mortgage and loan products through deposits or borrowings..

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