Bridgeline Digital, Inc. (NASDAQ:BLIN) Sees Large Drop in Short Interest

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 35,300 shares, a decline of 31.1% from the July 15th total of 51,200 shares. Based on an average daily trading volume, of 34,100 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLIN. StockNews.com started coverage on Bridgeline Digital in a research note on Sunday. They set a “hold” rating on the stock. Westpark Capital initiated coverage on shares of Bridgeline Digital in a report on Tuesday, July 23rd. They set a “hold” rating on the stock.

Bridgeline Digital Price Performance

Shares of Bridgeline Digital stock traded up $0.04 on Wednesday, hitting $0.87. The company’s stock had a trading volume of 3,582 shares, compared to its average volume of 45,209. The company has a market capitalization of $9.01 million, a price-to-earnings ratio of -0.89 and a beta of 1.92. The firm has a fifty day moving average price of $0.95 and a 200-day moving average price of $1.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. Bridgeline Digital has a 1 year low of $0.70 and a 1 year high of $1.42.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Tuesday, May 14th. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. The firm had revenue of $3.80 million during the quarter, compared to the consensus estimate of $3.81 million. Bridgeline Digital had a negative return on equity of 74.05% and a negative net margin of 65.95%. During the same period in the prior year, the company earned ($0.05) EPS. As a group, sell-side analysts anticipate that Bridgeline Digital will post -0.22 earnings per share for the current fiscal year.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.