Carver Bancorp Inc (NASDAQ:CARV) Short Interest Down 5.5% in July
Carver Bancorp Inc (NASDAQ:CARV) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 10,300 shares, a decline of 5.5% from the June 30th total of 10,900 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are short sold.
Separately, ValuEngine raised Carver Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th.
Shares of NASDAQ:CARV opened at $43.17 on Friday. Carver Bancorp has a fifty-two week low of $2.62 and a fifty-two week high of $6.67. The business has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $3.32. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.95 and a quick ratio of 0.95.
Carver Bancorp, Inc operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, 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.
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