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

Carver Bancorp, Inc. (NASDAQ:CARV) saw a large increase in short interest in the month of 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 presently 1.0 days.

Insider Activity

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on Carver Bancorp in a research report on Wednesday. They set a “sell” rating on the stock.

Carver Bancorp Trading Up 1.1 %

Shares of CARV stock traded up $0.02 during trading hours on Friday, reaching $1.84. The company had a trading volume of 9,583 shares, compared to its average volume of 30,608. The company has a 50 day moving average of $1.73 and a 200 day moving average of $1.78. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.03 and a quick 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. Carver Bancorp has a 1-year low of $1.26 and a 1-year high of $2.39.

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.