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

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the target of a large drop in short interest in 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 presently 0.1 days.

Bridgewater Bancshares Stock Performance

Shares of BWBBP stock traded up $0.12 during trading on Tuesday, hitting $19.32. The company’s stock had a trading volume of 459 shares, compared to its average volume of 2,342. The business has a fifty day moving average of $19.49 and a 200-day moving average of $19.89. Bridgewater Bancshares has a 52 week low of $18.75 and a 52 week high of $21.18.

Bridgewater Bancshares Announces Dividend

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