Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Declines By 11.6%

Carver Bancorp, Inc. (NASDAQ:CARV) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 8,400 shares, a decline of 11.6% from the October 15th total of 9,500 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 0.4 days.

Carver Bancorp Stock Performance

CARV traded up $0.02 on Friday, reaching $1.71. The company had a trading volume of 10,805 shares, compared to its average volume of 31,387. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39. The stock has a market cap of $8.79 million, a P/E ratio of -2.06 and a beta of 1.11. The company’s fifty day moving average is $1.79 and its 200 day moving average is $1.78. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Saturday, November 9th. They set a “sell” rating on the stock.

About Carver Bancorp

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.