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

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,525 shares, an increase of 909.9% from the October 15th total of 151 shares. Based on an average daily volume of 1,175 shares, the days-to-cover ratio is presently 1.3 days.

Bridgewater Bancshares Stock Down 0.0%

Shares of NASDAQ BWBBP traded down $0.00 during midday trading on Tuesday, reaching $19.15. The stock had a trading volume of 1,226 shares, compared to its average volume of 2,295. Bridgewater Bancshares has a twelve month low of $18.75 and a twelve month high of $21.18. The company’s 50 day moving average price is $19.35 and its 200 day moving average price is $19.88.

Bridgewater Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.3672 per share. The ex-dividend date is Friday, November 13th. This represents a $1.47 annualized dividend and a dividend yield of 7.7%.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc. is a bank holding company headquartered in St. Louis Park, Minnesota. Its principal subsidiary, Bridgewater Bank, provides banking services to businesses and individuals, with a focus on commercial banking. The bank offers business and commercial real estate lending, deposit accounts, and cash management services, alongside personal banking products. Its operations are centered in the Twin Cities and serve customers across Minnesota. Bridgewater Bank began operations in 2005.