Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Update

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 112.5% from the February 28th total of 57,500 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 196,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Bridgeline Digital

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Bridgeline Digital by 27.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares during the period. Geode Capital Management LLC lifted its stake in Bridgeline Digital by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after acquiring an additional 22,806 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Bridgeline Digital during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Stock Up 0.7 %

NASDAQ:BLIN opened at $1.46 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. Bridgeline Digital has a twelve month low of $0.76 and a twelve month high of $2.80. The company has a market cap of $15.25 million, a PE ratio of -7.68 and a beta of 1.85. The company’s 50 day moving average is $1.63 and its two-hundred day moving average is $1.40.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com raised Bridgeline Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a research note on Friday, February 14th.

About Bridgeline Digital

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.