Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Sees Significant Drop in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 300 shares, a drop of 72.7% from the October 31st total of 1,100 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.1 days.

Bridgewater Bancshares Trading Up 0.1 %

BWBBP traded up $0.02 on Wednesday, hitting $19.25. 1,144 shares of the company’s stock were exchanged, compared to its average volume of 3,774. Bridgewater Bancshares has a fifty-two week low of $16.50 and a fifty-two week high of $22.00. The firm has a 50-day moving average price of $19.98 and a 200-day moving average price of $19.02.

Bridgewater Bancshares Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.47 dividend on an annualized basis and a yield of 7.63%.

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.