Central Plains Bancshares, Inc. (NASDAQ:CPBI) Sees Significant Increase in Short Interest

Central Plains Bancshares, Inc. (NASDAQ:CPBIGet Free Report) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 26,400 shares, a growth of 131.6% from the October 31st total of 11,400 shares. Based on an average daily volume of 10,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Central Plains Bancshares

A hedge fund recently raised its stake in Central Plains Bancshares stock. Geode Capital Management LLC boosted its position in shares of Central Plains Bancshares, Inc. (NASDAQ:CPBIFree Report) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,291 shares of the company’s stock after purchasing an additional 4,612 shares during the period. Geode Capital Management LLC owned about 0.83% of Central Plains Bancshares worth $431,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.28% of the company’s stock.

Central Plains Bancshares Stock Performance

Shares of CPBI traded down $0.05 during trading hours on Thursday, hitting $14.40. 6,172 shares of the company were exchanged, compared to its average volume of 7,567. Central Plains Bancshares has a one year low of $9.60 and a one year high of $15.00. The firm has a fifty day simple moving average of $13.67 and a 200-day simple moving average of $11.79.

Central Plains Bancshares Company Profile

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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.

Further Reading

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