Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Stock Short Interest Falls 97.3%

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 151 shares, a drop of 97.3% from the September 30th total of 5,534 shares. Based on an average trading volume of 1,407 shares, the days-to-cover ratio is currently 0.1 days.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWBBP traded up $0.14 during trading hours on Wednesday, reaching $19.24. The stock had a trading volume of 874 shares, compared to its average volume of 2,344. Bridgewater Bancshares has a twelve month low of $18.75 and a twelve month high of $21.18. The business’s fifty day moving average is $19.48 and its two-hundred day moving average is $19.89.

Bridgewater Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a $0.3672 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.6%.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a community bank headquartered in Bloomington, Minnesota. The company provides banking and financial services primarily to businesses, real estate investors, professionals and individuals in the Minneapolis–Saint Paul metropolitan area and surrounding markets.

Bridgewater Bank offers commercial real estate, commercial and industrial, residential real estate and consumer loans, along with deposit accounts and cash-management services.