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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 9,386 shares, a decline of 86.8% from the February 12th total of 71,150 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 84,742 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 84,742 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Bridgeline Digital

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC bought a new position in Bridgeline Digital in the 4th quarter worth approximately $48,000. DRW Securities LLC bought a new stake in Bridgeline Digital during the 4th quarter valued at $45,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Bridgeline Digital during the third quarter worth $41,000. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BLIN. Zacks Research upgraded shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. Finally, Westpark Capital reissued a “buy” rating and set a $4.62 target price on shares of Bridgeline Digital in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Stock Performance

Shares of BLIN stock traded up $0.05 on Tuesday, hitting $0.97. 32,664 shares of the stock were exchanged, compared to its average volume of 67,412. The firm’s 50 day moving average is $0.83 and its two-hundred day moving average is $1.08. Bridgeline Digital has a one year low of $0.69 and a one year high of $2.22. The firm has a market capitalization of $12.22 million, a PE ratio of -4.62 and a beta of 0.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Thursday, February 12th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.30 million. Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%. Sell-side analysts expect that Bridgeline Digital will post -0.15 earnings per share for the current fiscal 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.