Central Plains Bancshares, Inc. (NASDAQ:CPBI) Short Interest Up 94.4% in July

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 14,000 shares, an increase of 94.4% from the June 30th total of 7,200 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Central Plains Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stilwell Value LLC acquired a new stake in Central Plains Bancshares during the fourth quarter valued at $204,000. Flagstone Financial Management acquired a new stake in Central Plains Bancshares during the fourth quarter valued at $413,000. Finally, Oppenheimer & Close LLC acquired a new stake in Central Plains Bancshares during the fourth quarter valued at $1,785,000. Institutional investors and hedge funds own 24.28% of the company’s stock.

Central Plains Bancshares Stock Up 1.2 %

CPBI stock traded up $0.13 during midday trading on Friday, hitting $11.36. 4,598 shares of the stock traded hands, compared to its average volume of 7,533. The stock’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $10.23. Central Plains Bancshares has a 1-year low of $8.20 and a 1-year high of $12.20.

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.