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

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 9,100 shares, a drop of 31.6% from the May 15th total of 13,300 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On Central Plains Bancshares

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Close LLC purchased a new position in Central Plains Bancshares during the fourth quarter valued at $1,785,000. Flagstone Financial Management bought a new position in Central Plains Bancshares during the fourth quarter valued at $413,000. Finally, Stilwell Value LLC bought a new stake in shares of Central Plains Bancshares in the 4th quarter valued at approximately $204,000. Institutional investors own 24.28% of the company’s stock.

Central Plains Bancshares Stock Performance

Central Plains Bancshares stock remained flat at $10.02 during midday trading on Friday. 325 shares of the company traded hands, compared to its average volume of 2,820. Central Plains Bancshares has a 1-year low of $8.20 and a 1-year high of $10.87. The stock’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.16.

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.