Central Plains Bancshares, Inc. (NASDAQ:CPBI) Sees Large Growth in Short Interest

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 16,000 shares, an increase of 14.3% from the July 15th total of 14,000 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 3.6 days. Approximately 0.5% of the company’s stock are short sold.

Central Plains Bancshares Stock Performance

Shares of NASDAQ:CPBI traded down $0.20 during mid-day trading on Friday, hitting $11.60. 1,653 shares of the company traded hands, compared to its average volume of 6,497. The firm’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $10.32. Central Plains Bancshares has a 52-week low of $8.20 and a 52-week high of $12.20.

Institutional Trading of Central Plains Bancshares

Hedge funds have recently made changes to their positions in the company. Stilwell Value LLC acquired a new position in shares of Central Plains Bancshares in the fourth quarter worth about $204,000. Flagstone Financial Management boosted its stake in shares of Central Plains Bancshares by 2.5% during the 1st quarter. Flagstone Financial Management now owns 41,462 shares of the company’s stock valued at $424,000 after buying an additional 1,000 shares during the last quarter. Finally, Oppenheimer & Close LLC acquired a new stake in shares of Central Plains Bancshares during the fourth quarter worth approximately $1,785,000. Hedge funds and other institutional investors own 24.28% of the company’s stock.

Central Plains Bancshares Company Profile

Central Plains Bancshares, Inc focuses on providing various banking products and services to retail customers, and small and medium-sized commercial customers in Nebraska, the United States. It offers checking accounts, savings accounts, and certificate of deposit accounts. The company also provides one- to four-family residential mortgage loans secured by properties, as well as commercial real estate loans, commercial and industrial loans, multi-family residential real estate loans, construction and land development loans, agricultural real estate and non-real estate loans, and consumer loans.