From MarketBeat:

Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) experienced a significant decrease in short interest in December. There was short interest totaling 122,300 shares, a 17.4% decrease from the previous month. The days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the shares are short sold.

Bridgewater Bancshares’ stock traded up to $13.52 on Friday, with 167,375 shares exchanged. The company has a market cap of $378.56 million, a P/E ratio of 9.45, and a beta of 0.66. Bridgewater Bancshares has a fifty-two week low of $7.90 and a fifty-two week high of $17.87.

Bridgewater Bancshares last announced its earnings results on October 25th. The company reported $0.30 earnings per share for the quarter, with revenue of $27.15 million. The company is expected to post 1.25 EPS for the current year.

Institutional investors and hedge funds have made notable moves with Bridgewater Bancshares in the past quarter. American Century Companies Inc. raised its stake in the company by 4.2%, while Deutsche Bank AG raised its stake by 44.2%. Overall, 49.10% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank, providing banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States.

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Read more: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Sees Large Decrease in Short Interest