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

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 20,400 shares, a drop of 12.8% from the December 15th total of 23,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Central Plains Bancshares stock. Geode Capital Management LLC boosted its holdings in Central Plains Bancshares, Inc. (NASDAQ:CPBI) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. 24.28% of the stock is owned by hedge funds and other institutional investors.

Central Plains Bancshares Trading Down 0.5 %

Shares of NASDAQ:CPBI traded down $0.08 during midday trading on Friday, reaching $14.50. 3,181 shares of the company were exchanged, compared to its average volume of 5,670. Central Plains Bancshares has a fifty-two week low of $9.91 and a fifty-two week high of $15.50. The stock has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $12.97.

About Central Plains Bancshares

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.