Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Drops By 23.4%

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a large decline in short interest in the month of 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 short-interest ratio is currently 0.5 days.

Carver Bancorp Stock Performance

CARV stock traded down $0.04 during trading on Tuesday, reaching $1.77. 5,836 shares of the company’s stock were exchanged, compared to its average volume of 31,504. Carver Bancorp has a 1-year low of $1.25 and a 1-year high of $2.39. The firm has a market cap of $8.80 million, a PE ratio of -1.77 and a beta of 1.09. The company’s fifty day moving average price is $1.86 and its 200-day moving average price is $1.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.66.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Carver Bancorp in a research report on Thursday, October 24th. They issued a “sell” rating for the company.

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.