Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 11.6% in October

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

Carver Bancorp Stock Up 1.2 %

Shares of CARV stock traded up $0.02 during trading hours on Friday, reaching $1.71. The company had a trading volume of 10,805 shares, compared to its average volume of 28,600. 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 $1.26 and a 1-year high of $2.39. The company has a 50 day moving average of $1.79 and a 200 day moving average of $1.78.

Carver Bancorp (NASDAQ:CARV) last posted 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 21.91% and a negative net margin of 9.98%. The firm had revenue of $6.21 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Carver Bancorp in a report on Sunday. They set 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.