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

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) saw a significant increase in short interest in 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 short-interest ratio is presently 1.3 days.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock traded down $0.00 during trading on Tuesday, hitting $19.15. The company’s stock had a trading volume of 1,226 shares, compared to its average volume of 2,295. Bridgewater Bancshares has a 52 week low of $18.75 and a 52 week high of $21.18. The stock has a 50-day moving average price of $19.35 and a two-hundred day moving average price of $19.88.

Bridgewater Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.3672 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, November 13th.

About Bridgewater Bancshares

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.