Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Short Interest Up 175.0% in October

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,100 shares, a growth of 175.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.2 days.

Bridgewater Bancshares Stock Performance

NASDAQ:BWBBP traded down $0.25 during midday trading on Thursday, reaching $19.75. The stock had a trading volume of 557 shares, compared to its average volume of 3,696. Bridgewater Bancshares has a 1-year low of $15.25 and a 1-year high of $22.00. The firm’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $18.96.

Bridgewater Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 7.44%. The ex-dividend date of this dividend is Friday, November 15th.

Bridgewater Bancshares Company Profile

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.