Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Rises By 9.6%

Carver Bancorp, Inc. (NASDAQ:CARV) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 25,100 shares, an increase of 9.6% from the November 15th total of 22,900 shares. Based on an average daily volume of 26,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Carver Bancorp in a report on Wednesday. They issued a “sell” rating for the company.

Carver Bancorp Stock Performance

Carver Bancorp stock traded up $0.02 during midday trading on Friday, reaching $1.84. 9,583 shares of the company’s stock were exchanged, compared to its average volume of 30,608. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $9.40 million, a price-to-earnings ratio of -2.22 and a beta of 1.12. The stock’s 50-day simple moving average is $1.73 and its 200 day simple moving average is $1.78.

Insiders Place Their Bets

In related news, CEO Donald Felix acquired 26,946 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $1.67 per share, for a total transaction of $44,999.82. Following the acquisition, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.32% of the company’s 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.