Short Interest in Central Plains Bancshares, Inc. (NASDAQ:CPBI) Rises By 131.6%

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the target of a significant growth in short interest during the month of 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 trading volume, of 10,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the shares of the stock are sold short.

Central Plains Bancshares Price Performance

Shares of CPBI stock traded up $0.05 during trading hours on Friday, reaching $14.45. 396 shares of the company were exchanged, compared to its average volume of 7,534. The stock’s fifty day moving average is $13.72 and its two-hundred day moving average is $11.80. Central Plains Bancshares has a fifty-two week low of $9.60 and a fifty-two week high of $15.00.

Institutional Trading of Central Plains Bancshares

A hedge fund recently raised its stake in Central Plains Bancshares stock. Geode Capital Management LLC grew its position in shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI) by 15.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,291 shares of the company’s stock after buying an additional 4,612 shares during the period. Geode Capital Management LLC owned approximately 0.83% of Central Plains Bancshares worth $431,000 at the end of the most recent quarter. 24.28% of the stock is currently owned by hedge funds and other institutional investors.

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.