Bridgeline Digital, Inc. (NASDAQ:BLIN) Shares Shorted: Short Interest Down 45.9% in September

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 23,615 shares, a decrease of 45.9% from the September 15th total of 43,646 shares. Based on an average daily trading volume, of 17,445 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are short sold.

Bridgeline Digital Stock Down 2.1%

Bridgeline Digital stock traded down $0.02 during trading on Thursday, reaching $0.72. The stock had a trading volume of 14,898 shares, compared to its average volume of 62,682. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.01. Bridgeline Digital has a 52-week low of $0.69 and a 52-week high of $1.42. The stock has a market cap of $9.13 million, a PE ratio of -6.04 and a beta of 0.92. The business has a 50 day moving average price of $0.91 and a 200 day moving average price of $1.00.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, August 13th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $3.92 million for the quarter, compared to analyst estimates of $4.70 million. Bridgeline Digital had a negative return on equity of 14.51% and a negative net margin of 8.65%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bridgeline Digital currently has a consensus rating of “Hold” and an average price target of $4.62.

Institutional Trading of Bridgeline Digital

Several institutional investors have recently modified their holdings of BLIN. Bard Associates Inc. acquired a new stake in Bridgeline Digital during the 2nd quarter worth $1,195,000. Lido Advisors LLC grew its stake in Bridgeline Digital by 37.1% during the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after buying an additional 21,353 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after buying an additional 12,600 shares during the last quarter. Hedge funds and other institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc is a software company that provides digital experience and e-commerce solutions to businesses seeking to improve online customer engagement, product discovery and sales. Its offerings are delivered primarily through cloud-based software and are designed for organizations operating websites, online stores and other digital channels.

The company’s product portfolio includes HawkSearch, an AI-powered site search and merchandising platform that helps businesses deliver relevant search results, recommendations and personalized shopping experiences.