Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 23.4% in October

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

Wall Street Analysts Forecast Growth

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

Carver Bancorp Price Performance

Shares of NASDAQ:CARV traded down $0.04 during midday trading on Tuesday, reaching $1.77. The company’s stock had a trading volume of 5,836 shares, compared to its average volume of 31,504. The business’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $1.76. The company has a market capitalization of $8.80 million, a P/E ratio of -1.77 and a beta of 1.09. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.05 and a quick ratio of 1.05. Carver Bancorp has a fifty-two week low of $1.25 and a fifty-two week high of $2.39.

Carver Bancorp (NASDAQ:CARV) last announced 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 return on equity of 20.02% and a negative net margin of 8.95%. The company had revenue of $6.21 million during the quarter.

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.