Bridgeline Digital, Inc. (NASDAQ:BLIN) Sees Significant Growth in Short Interest

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 12,684 shares, an increase of 35.1% from the February 26th total of 9,386 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 28,817 shares, the days-to-cover ratio is currently 0.4 days.

Bridgeline Digital Stock Down 3.2%

Bridgeline Digital stock opened at $0.80 on Tuesday. The firm’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. Bridgeline Digital has a fifty-two week low of $0.69 and a fifty-two week high of $2.22. The stock has a market cap of $10.08 million, a PE ratio of -3.81 and a beta of 0.82.

Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Thursday, February 12th. The software maker reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. The company had revenue of $3.91 million for the quarter, compared to analyst estimates of $4.30 million. Research analysts predict that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BLIN. Citadel Advisors LLC bought a new stake in Bridgeline Digital in the third quarter worth $41,000. DRW Securities LLC purchased a new stake in shares of Bridgeline Digital in the 4th quarter worth $45,000. Finally, Lido Advisors LLC bought a new position in shares of Bridgeline Digital during the 4th quarter worth $48,000. 15.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BLIN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, January 21st. Westpark Capital reaffirmed a “buy” rating and set a $4.62 price objective on shares of Bridgeline Digital in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.62.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.