Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Decreases By 90.8%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,757 shares, a drop of 90.8% from the May 31st total of 19,012 shares. Based on an average trading volume of 52,432 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Bridgeline Digital Stock Performance

Shares of NASDAQ BLIN traded down $0.04 during mid-day trading on Thursday, hitting $1.05. The company had a trading volume of 113,578 shares, compared to its average volume of 54,401. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. Bridgeline Digital has a 1 year low of $0.69 and a 1 year high of $1.74. The company has a market capitalization of $13.23 million, a price-to-earnings ratio of -7.00 and a beta of 1.06. The stock’s 50-day moving average price is $1.01 and its 200-day moving average price is $0.92.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.The company had revenue of $3.92 million for the quarter, compared to analysts’ expectations of $4.55 million.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds and other institutional investors have recently modified their holdings of BLIN. Lido Advisors LLC purchased a new stake in shares of Bridgeline Digital in the fourth quarter worth about $48,000. DRW Securities LLC purchased a new position in Bridgeline Digital during the fourth quarter valued at approximately $45,000. Citadel Advisors LLC purchased a new position in Bridgeline Digital during the third quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC increased its holdings in Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after acquiring an additional 12,600 shares during the period. 15.08% of the stock is currently owned by institutional investors.

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.