Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Down 36.7% in December

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 66,106 shares, a decrease of 36.7% from the November 30th total of 104,422 shares. Based on an average daily volume of 114,337 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 114,337 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BLIN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, October 8th. Zacks Research raised Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Westpark Capital reiterated a “buy” rating and set a $4.62 target price on shares of Bridgeline Digital in a report on Friday, December 19th. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgeline Digital stock. Citadel Advisors LLC acquired a new position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.26% of Bridgeline Digital as of its most recent SEC filing. 15.08% of the stock is owned by institutional investors.

Bridgeline Digital Stock Performance

Shares of BLIN opened at $0.93 on Friday. The company has a market cap of $11.36 million, a PE ratio of -3.58 and a beta of 0.73. The firm has a 50-day moving average of $1.09 and a 200-day moving average of $1.31. Bridgeline Digital has a one year low of $0.90 and a one year high of $2.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.70 and a quick ratio of 0.77.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, December 18th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Bridgeline Digital had a negative net margin of 16.37% and a negative return on equity of 25.40%. The company had revenue of $3.87 million for the quarter, compared to analysts’ expectations of $3.95 million. As a group, equities analysts forecast that Bridgeline Digital will post -0.15 earnings per share for the current year.

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.