Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Sees Large Increase in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 400 shares, a growth of 33.3% from the September 30th total of 300 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 0.1 days.

Bridgewater Bancshares Trading Down 0.8 %

BWBBP traded down $0.17 on Tuesday, hitting $20.06. 4,307 shares of the company were exchanged, compared to its average volume of 3,693. The business’s fifty day moving average is $19.84 and its 200 day moving average is $18.80. Bridgewater Bancshares has a fifty-two week low of $15.25 and a fifty-two week high of $22.00.

Bridgewater Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.3672 per share. This represents a $1.47 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend is Friday, November 15th.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.