Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Increases By 35.1%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 12,684 shares, an increase of 35.1% from the February 26th total of 9,386 shares. Based on an average daily trading volume, of 28,817 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Bridgeline Digital Trading Down 2.8%

Bridgeline Digital stock opened at $0.83 on Friday. The firm has a 50 day moving average of $0.84 and a 200 day moving average of $1.03. The firm has a market capitalization of $10.41 million, a price-to-earnings ratio of -3.93 and a beta of 0.82. Bridgeline Digital has a 12-month low of $0.69 and a 12-month high of $2.22. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, February 12th. The software maker reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $3.91 million for the quarter, compared to the consensus estimate 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, research analysts predict that Bridgeline Digital will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in Bridgeline Digital in the 3rd quarter worth $41,000. DRW Securities LLC purchased a new stake in Bridgeline Digital in the 4th quarter worth $45,000. Finally, Lido Advisors LLC bought a new stake in Bridgeline Digital during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Westpark Capital reiterated a “buy” rating and set a $4.62 price target on shares of Bridgeline Digital in a research note on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. One equities research 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 company has a consensus rating of “Hold” and a consensus price target of $4.62.

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.