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

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 300 shares, a decrease of 40.0% from the September 15th total of 500 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 0.1 days.

Bridgewater Bancshares Stock Performance

NASDAQ BWBBP traded down $0.29 on Friday, hitting $20.31. 4,648 shares of the company’s stock were exchanged, compared to its average volume of 3,723. The firm’s 50-day moving average price is $19.42 and its two-hundred day moving average price is $18.55. Bridgewater Bancshares has a fifty-two week low of $15.25 and a fifty-two week high of $22.00.

Bridgewater Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.3672 dividend. This represents a $1.47 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend was Thursday, August 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.