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

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a significant drop in short interest during the month of 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 currently 0.5 days.

Carver Bancorp Stock Performance

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

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

Analysts Set New Price Targets

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

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.