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

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,100 shares, an increase 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 currently 0.2 days.

Bridgewater Bancshares Stock Performance

NASDAQ:BWBBP opened at $19.82 on Friday. The stock’s 50-day moving average is $20.08 and its 200-day moving average is $18.97. Bridgewater Bancshares has a 1-year low of $15.25 and a 1-year high of $22.00.

Bridgewater Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.3672 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Friday, November 15th.

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.