Crazy Woman Creek Bancorp: A Quiet Week for a Quiet Stock

CRZY closed the week at $31.00, up just under 1% on the week and about 2.5% over the past month — steady, unhurried movement that fits a thinly traded community bank on the OTC market.

The most notable development this month has nothing to do with price. Short interest dropped sharply in early April — falling from roughly 150 shares in mid-March to 119, then stepping down again to 75 on April 10, where it has held flat since. That is a 50% decline over 30 days. For a stock with this level of liquidity, 75 shares short is functionally negligible. The lending market reflects that: availability is loose, the ORTEX short score is a low 26.9, and utilization has barely moved — sitting near 1.66% against a 52-week peak of 6.66%. There is no squeeze pressure here, and no indication that short sellers are building a new position.

Cost-to-borrow data is stale — the last reading dates to late February — so any inference about current borrow costs would be unreliable. What the history does show is a clear downward trend: CTB ran near 6% through late 2025 before easing sharply into early 2026. That arc mirrors the drop in short interest and confirms the borrow market has quietly loosened over the past several months.

Institutional ownership is limited to two disclosed holders: GAMCO Investors and Teton Advisors, who together hold just under 9% of shares. Both reported unchanged positions at year-end 2025. No analyst coverage is present. No options market exists for this name. The dividend history runs through 2021 — the last declared payment was $0.31 per share in November of that year, with no subsequent announcements on record.

Crazy Woman Creek Bancorp is a micro-cap community bank trading on thin volume with minimal short interest and no near-term catalysts on the calendar. The story worth watching is whether the bank resumes dividend payments — the last five dividends came in November each year, suggesting a year-end pattern — and whether any institutional activity surfaces ahead of that window.