Short Interest in Central Plains Bancshares, Inc. (NASDAQ:CPBI) Drops By 15.5%

Central Plains Bancshares, Inc. (NASDAQ:CPBI - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 13,600 shares, a decrease of 15.5% from the April 30th total of 16,100 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is currently 2.0 days. Currently, 0.4% of the company's stock are sold short.

Hedge Funds Weigh In On Central Plains Bancshares

Several institutional investors have recently made changes to their positions in CPBI. Stilwell Value LLC raised its holdings in shares of Central Plains Bancshares by 1,436.5% during the fourth quarter. Stilwell Value LLC now owns 307,301 shares of the company's stock valued at $4,597,000 after acquiring an additional 287,301 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Central Plains Bancshares by 27.5% during the 4th quarter. Renaissance Technologies LLC now owns 22,600 shares of the company's stock valued at $338,000 after buying an additional 4,879 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Central Plains Bancshares during the 4th quarter worth $27,000. 24.28% of the stock is owned by hedge funds and other institutional investors.

Central Plains Bancshares Stock Performance

Shares of CPBI traded up $0.28 during midday trading on Thursday, hitting $14.85. 3,817 shares of the company's stock traded hands, compared to its average volume of 6,926. Central Plains Bancshares has a 1 year low of $9.99 and a 1 year high of $15.50. The firm's fifty day moving average is $14.66 and its 200-day moving average is $14.68.

Central Plains Bancshares Company Profile

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.