Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Update

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

Carver Bancorp Stock Performance

Shares of NASDAQ CARV traded down $0.04 during trading on Tuesday, reaching $1.77. The stock had a trading volume of 5,836 shares, compared to its average volume of 31,504. 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 stock has a market cap of $8.80 million, a PE ratio of -1.77 and a beta of 1.09. Carver Bancorp has a one year low of $1.25 and a one year high of $2.39. The firm’s 50 day moving average price is $1.86 and its two-hundred day moving average price is $1.76.

Carver Bancorp (NASDAQ:CARV) last released its earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share 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.

Wall Street Analysts Forecast Growth

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

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.