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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 8,629 shares, a drop of 32.0% from the March 15th total of 12,684 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 20,504 shares, the days-to-cover ratio is presently 0.4 days.

Bridgeline Digital Stock Performance

Bridgeline Digital stock traded up $0.04 during midday trading on Thursday, hitting $0.92. The company’s stock had a trading volume of 10,146 shares, compared to its average volume of 50,621. Bridgeline Digital has a 1-year low of $0.69 and a 1-year high of $2.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $0.99. The company has a market cap of $11.59 million, a price-to-earnings ratio of -4.38 and a beta of 0.87.

Bridgeline Digital (NASDAQ:BLIN) last issued 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). Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. The business had revenue of $3.91 million during the quarter, compared to analysts’ expectations of $4.30 million. As a group, sell-side analysts predict that Bridgeline Digital will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Westpark Capital restated a “buy” rating and set a $4.62 target price on shares of Bridgeline Digital in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.62.

Institutional Trading of Bridgeline Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in Bridgeline Digital in the 3rd quarter valued at about $41,000. DRW Securities LLC bought a new position in Bridgeline Digital in the 4th quarter valued at about $45,000. Finally, Lido Advisors LLC bought a new position in Bridgeline Digital in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.