Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Rises By 42.3%

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 54,500 shares, a growth of 42.3% from the August 15th total of 38,300 shares. Based on an average daily trading volume, of 42,400 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

BLIN has been the subject of a number of recent analyst reports. Westpark Capital assumed coverage on Bridgeline Digital in a report on Tuesday, July 23rd. They set a “hold” rating for the company. StockNews.com assumed coverage on shares of Bridgeline Digital in a research note on Thursday. They set a “hold” rating for the company.

Bridgeline Digital Stock Performance

Shares of Bridgeline Digital stock remained flat at $1.09 during trading on Friday. 24,217 shares of the stock traded hands, compared to its average volume of 45,703. The stock has a market capitalization of $11.31 million, a price-to-earnings ratio of -1.13 and a beta of 1.94. Bridgeline Digital has a 52-week low of $0.70 and a 52-week high of $1.42. The company’s 50 day moving average price is $0.93 and its 200-day moving average price is $1.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Wednesday, August 14th. The software maker reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $3.94 million during the quarter, compared to analyst estimates of $3.81 million. Bridgeline Digital had a negative return on equity of 84.86% and a negative net margin of 62.72%. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, equities analysts expect that Bridgeline Digital will post -0.2 EPS for the current year.

About Bridgeline Digital

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.