Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 114.8% in July

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 99,861 shares, a growth of 114.8% from the June 30th total of 46,481 shares. Based on an average daily trading volume, of 219,779 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the shares of the company are sold short.

Bridgeline Digital Stock Performance

BLIN traded down $0.05 during trading on Wednesday, hitting $1.13. The stock had a trading volume of 35,896 shares, compared to its average volume of 66,114. The firm has a market capitalization of $14.24 million, a P/E ratio of -7.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.67. Bridgeline Digital has a twelve month low of $0.69 and a twelve month high of $1.63. The company’s 50-day moving average price is $1.14 and its 200 day moving average price is $0.96.

Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.55 million. Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.62.

Institutional Investors Weigh In On Bridgeline Digital

A number of hedge funds have recently added to or reduced their stakes in BLIN. Renaissance Technologies LLC increased its position 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 purchasing an additional 12,600 shares during the period. Lido Advisors LLC lifted its holdings in shares of Bridgeline Digital by 37.1% in the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock valued at $63,000 after buying an additional 21,353 shares during the period. DRW Securities LLC acquired a new stake in shares of Bridgeline Digital in the 4th quarter valued at approximately $45,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Bridgeline Digital in the third quarter valued at approximately $41,000. Institutional investors and hedge funds 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.