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

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Carver Bancorp in a research note on Sunday. They issued a “sell” rating on the stock.

Carver Bancorp Stock Down 0.3 %

CARV stock traded down $0.01 during mid-day trading on Monday, reaching $1.71. 10,380 shares of the company traded hands, compared to its average volume of 31,293. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.66. The firm’s 50 day moving average price is $1.79 and its 200 day moving average price is $1.78. The stock has a market cap of $8.76 million, a price-to-earnings ratio of -2.06 and a beta of 1.11. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39.

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.