Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 218.1% in February

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 68,700 shares, an increase of 218.1% from the January 31st total of 21,600 shares. Based on an average daily volume of 209,600 shares, the days-to-cover ratio is presently 0.3 days.

Bridgeline Digital Price Performance

Shares of BLIN stock opened at $1.23 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $12.84 million, a price-to-earnings ratio of -6.47 and a beta of 1.88. The firm’s 50 day moving average is $1.73 and its 200-day moving average is $1.33. Bridgeline Digital has a 1 year low of $0.76 and a 1 year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. Sell-side analysts forecast that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a report on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $31,000. Geode Capital Management LLC raised its stake in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after purchasing an additional 22,806 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after acquiring an additional 28,375 shares in the last quarter. 15.08% of the stock is currently owned by institutional investors.

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.