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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 57,500 shares, a decrease of 16.3% from the February 13th total of 68,700 shares. Based on an average daily volume of 215,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after acquiring an additional 28,375 shares during the period. Geode Capital Management LLC raised its holdings in Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after acquiring an additional 22,806 shares during the period. Finally, Jane Street Group LLC bought a new position in Bridgeline Digital in the 4th quarter valued at about $31,000. 15.08% of the stock is owned by institutional investors.

Bridgeline Digital Trading Up 1.4 %

Bridgeline Digital stock opened at $1.45 on Thursday. Bridgeline Digital has a one year low of $0.76 and a one year high of $2.80. The company has a market cap of $15.14 million, a price-to-earnings ratio of -7.63 and a beta of 1.85. The firm has a 50-day moving average of $1.67 and a 200-day moving average of $1.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share (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%. On average, equities analysts expect that Bridgeline Digital will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLIN has been the subject of a number of recent research reports. StockNews.com upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price objective for the company in a research note on Friday, February 14th.

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.