Carver Bancorp, Inc. (NASDAQ:CARV) Sees Significant Decrease in Short Interest

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 9,500 shares, a decline of 23.4% from the September 30th total of 12,400 shares. Based on an average daily volume of 21,000 shares, the days-to-cover ratio is presently 0.5 days.

Carver Bancorp Price Performance

Shares of CARV traded down $0.04 during mid-day trading on Tuesday, hitting $1.77. 5,836 shares of the stock were exchanged, compared to its average volume of 31,504. The firm has a 50-day moving average of $1.86 and a two-hundred day moving average of $1.76. Carver Bancorp has a 52-week low of $1.25 and a 52-week high of $2.39. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $8.80 million, a PE ratio of -1.77 and a beta of 1.09.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings data on Wednesday, August 14th. The savings and loans company reported ($0.43) EPS for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%. The business had revenue of $6.21 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Carver Bancorp in a report on Thursday, October 24th. They issued a “sell” rating on the 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.