Short Interest in Marin Software Incorporated (NASDAQ:MRIN) Decreases By 16.1%

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 85,700 shares, a decline of 16.1% from the November 30th total of 102,200 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Marin Software in a research note on Saturday. They set a “hold” rating for the company.

Marin Software Trading Down 2.0 %

Shares of NASDAQ:MRIN traded down $0.04 during trading on Friday, reaching $1.98. 19,304 shares of the stock were exchanged, compared to its average volume of 542,551. Marin Software has a 12 month low of $1.44 and a 12 month high of $5.45. The stock has a 50-day moving average price of $2.09 and a 200-day moving average price of $2.23. The firm has a market cap of $6.22 million, a PE ratio of -0.50 and a beta of 0.60.

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.