Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Shares Shorted: Short Interest Down 97.3% in October

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 151 shares, a decline 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

NASDAQ BWBBP traded down $0.36 on Monday, reaching $19.20. 1,865 shares of the stock traded hands, compared to its average volume of 2,353. Bridgewater Bancshares has a 12 month low of $18.75 and a 12 month high of $21.18. The firm’s fifty day simple moving average is $19.49 and its 200 day simple moving average is $19.89.

Bridgewater Bancshares Announces Dividend

The business also recently announced 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 of this dividend is Friday, November 13th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.7%.

Bridgewater Bancshares Company Profile

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.