Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Short Interest Up 61.1% in December

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,800 shares, an increase of 61.1% from the December 15th total of 3,600 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is currently 1.1 days.

Bridgewater Bancshares Stock Performance

BWBBP traded up $0.04 during trading on Wednesday, hitting $19.52. 2,002 shares of the company’s stock traded hands, compared to its average volume of 4,967. Bridgewater Bancshares has a 12-month low of $16.90 and a 12-month high of $22.00. The company’s 50 day simple moving average is $19.40 and its two-hundred day simple moving average is $19.34.

Bridgewater Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.3672 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.47 annualized dividend and a dividend yield of 7.52%.

About Bridgewater Bancshares

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.