Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Update

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 112.5% from the February 28th total of 57,500 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 196,100 shares, the days-to-cover ratio is presently 0.6 days.

Bridgeline Digital Trading Up 0.7 %

Shares of BLIN stock traded up $0.01 during mid-day trading on Friday, hitting $1.47. 76,846 shares of the company’s stock were exchanged, compared to its average volume of 82,785. The stock has a market cap of $15.35 million, a price-to-earnings ratio of -7.74 and a beta of 1.85. 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 has a fifty-two week low of $0.76 and a fifty-two week high of $2.80. The stock has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.40.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. Equities analysts expect that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Bridgeline Digital in the fourth quarter valued at approximately $31,000. Geode Capital Management LLC increased its position in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Bridgeline Digital by 27.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after buying an additional 28,375 shares in the last quarter. Institutional investors and hedge funds own 15.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BLIN shares. Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a research note on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.