Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 18.6% in June

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 65,700 shares, a growth of 18.6% from the June 15th total of 55,400 shares. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is presently 2.2 days.

Bridgeline Digital Price Performance

Shares of NASDAQ:BLIN traded up $0.03 during trading on Tuesday, hitting $0.93. 40,015 shares of the stock were exchanged, compared to its average volume of 46,605. The company has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.04. The company has a market cap of $9.69 million, a PE ratio of -0.95 and a beta of 1.92. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. Bridgeline Digital has a 12-month low of $0.70 and a 12-month high of $1.42.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Tuesday, May 14th. The software maker reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $3.80 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned ($0.05) EPS. On average, analysts forecast that Bridgeline Digital will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Bridgeline Digital in a report on Wednesday, July 10th. They issued a “hold” rating on the stock.

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.