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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 12,684 shares, a growth of 35.1% from the February 26th total of 9,386 shares. Based on an average daily trading volume, of 28,817 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLIN. Westpark Capital restated a “buy” rating and issued a $4.62 price objective on shares of Bridgeline Digital in a report on Friday, December 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Stock Performance

Shares of BLIN stock opened at $0.83 on Monday. The company has a fifty day moving average price of $0.84 and a two-hundred day moving average price of $1.03. Bridgeline Digital has a one year low of $0.69 and a one year high of $2.22. The stock has a market cap of $10.41 million, a P/E ratio of -3.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, February 12th. The software maker reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $3.91 million for the quarter, compared to analyst estimates of $4.30 million. Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. As a group, equities analysts predict that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Trading of Bridgeline Digital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of Bridgeline Digital in the third quarter valued at approximately $41,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth approximately $45,000. Finally, Lido Advisors LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth approximately $48,000. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.