Marin Software Incorporated (NASDAQ:MRIN) Short Interest Update

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 46,900 shares, a drop of 19.0% from the February 28th total of 57,900 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 23,000 shares, the days-to-cover ratio is presently 2.0 days.

Marin Software Trading Down 0.7 %

MRIN stock traded down $0.01 during midday trading on Wednesday, reaching $1.34. The company had a trading volume of 7,567 shares, compared to its average volume of 539,994. The company has a 50 day moving average of $1.75 and a two-hundred day moving average of $2.00. The company has a market capitalization of $4.21 million, a P/E ratio of -0.34 and a beta of 0.63. Marin Software has a 1 year low of $1.30 and a 1 year high of $5.45.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Marin Software in a report on Wednesday. They issued a “hold” rating on the stock.

About Marin Software

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.