Marin Software Incorporated (NASDAQ:MRIN) Short Interest Up 20.6% in July

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 247,200 shares, an increase of 20.6% from the June 30th total of 204,900 shares. Based on an average daily volume of 437,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 8.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Marin Software in a research report on Friday, May 24th. They issued a “hold” rating for the company.

Marin Software Price Performance

Shares of Marin Software stock traded down $0.20 during trading on Tuesday, hitting $2.22. 1,069,771 shares of the company were exchanged, compared to its average volume of 522,378. The firm has a market capitalization of $6.90 million, a P/E ratio of -0.35 and a beta of 0.48. Marin Software has a 1-year low of $1.44 and a 1-year high of $5.45. The firm’s fifty day moving average price is $2.42 and its 200 day moving average price is $2.34.

Marin Software (NASDAQ:MRIN) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.78) earnings per share for the quarter. Marin Software had a negative net margin of 107.95% and a negative return on equity of 78.95%. The business had revenue of $4.03 million for the quarter.

Marin Software Company Profile

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as self-serves solutions and managed services.