Central Plains Bancshares, Inc. Experiences Notable Decline in Short Interest

Central Plains Bancshares, Inc. (NASDAQ:CPBI) has reported a marked decrease in short interest throughout November. By November 30th, short interest was recorded at 23,100 shares, reflecting a 12.5% reduction from the 26,400 shares noted on November 15th. Currently, only about 0.7% of the company's stock is sold short. With the average daily trading volume at 10,600 shares, the short-interest ratio is now calculated at 2.2 days.

Recent Trading Activity of Central Plains Bancshares

During mid-day trading on a recent Friday, Central Plains Bancshares' shares (NASDAQ:CPBI) declined by $0.09, bringing the price to $14.61. The trading volume for the day reached 1,846 shares, significantly lower than the average volume of 7,472. The stock's 50-day moving average stands at $14.18, while the 200-day moving average is $12.16. Over the past year, the company has recorded a 52-week low of $9.60 and a high of $15.00.

Institutional Interest in Central Plains Bancshares

In recent developments, Geode Capital Management LLC has increased its investment in Central Plains Bancshares. According to recent filings, the hedge fund raised its stake by 15.5% during the third quarter, now holding 34,291 shares after adding 4,612 shares. This positions Geode Capital Management LLC with approximately 0.83% ownership of Central Plains Bancshares, valued at around $431,000 as of the latest filing. Overall, institutional investors currently control 24.28% of the company's shares.

Overview of Central Plains Bancshares

Central Plains Bancshares, Inc. specializes in offering a variety of banking services and products primarily to retail consumers and small to medium-sized businesses throughout Nebraska, United States. The bank provides checking and savings accounts, certificate of deposit accounts, as well as residential mortgage loans secured by property. Furthermore, it offers loans for commercial real estate, industrial ventures, multi-family residences, land development, agriculture, and consumer needs.

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This news article has been generated using financial data and narrative science technology to deliver efficient and reliable information.

Considering Investment in Central Plains Bancshares?

Before deciding to invest in Central Plains Bancshares, it is vital to gather informed insights. Analysts are currently rating the stock as a "Hold," indicating mixed outlooks. It's important to note that several top analysts have identified alternative investment opportunities that may yield better returns.

For further insights into top recommended stocks and to explore more investment strategies, consider reviewing resources that cover stock performance analysis.

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