Bridgeline Digital, Inc. (NASDAQ:BLIN) Sees Significant Increase in Short Interest

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 41,900 shares, a growth of 33.0% from the December 15th total of 31,500 shares. Based on an average daily volume of 166,200 shares, the days-to-cover ratio is presently 0.3 days.

Bridgeline Digital Price Performance

Shares of NASDAQ:BLIN opened at $1.74 on Friday. Bridgeline Digital has a 52 week low of $0.75 and a 52 week high of $2.80. The company has a 50-day moving average price of $1.41 and a 200 day moving average price of $1.16. The company has a market cap of $18.13 million, a P/E ratio of -9.16 and a beta of 1.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Monday, December 23rd. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Research analysts predict that Bridgeline Digital will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Bridgeline Digital in a report on Saturday. They set a “hold” rating on the stock. Westpark Capital reaffirmed a “hold” rating on shares of Bridgeline Digital in a report on Tuesday, December 24th.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.