Short Interest in Carver Bancorp, Inc. (NASDAQ:CARV) Grows By 172.6%

Carver Bancorp, Inc. (NASDAQ:CARV) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 22,900 shares, an increase of 172.6% from the October 31st total of 8,400 shares. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is presently 1.0 days.

Carver Bancorp Price Performance

Carver Bancorp stock opened at $1.83 on Thursday. The firm has a fifty day moving average of $1.76 and a 200-day moving average of $1.78. Carver Bancorp has a 52-week low of $1.26 and a 52-week high of $2.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $9.35 million, a P/E ratio of -2.24 and a beta of 1.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Carver Bancorp in a report on Monday. They set 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.