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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 54,500 shares, a growth of 42.3% from the August 15th total of 38,300 shares. Based on an average daily volume of 42,400 shares, the days-to-cover ratio is currently 1.3 days.

Bridgeline Digital Stock Performance

BLIN remained flat at $1.09 during midday trading on Friday. The company’s stock had a trading volume of 24,217 shares, compared to its average volume of 45,703. Bridgeline Digital has a 1 year low of $0.70 and a 1 year high of $1.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average of $0.93 and a two-hundred day moving average of $1.06. The company has a market cap of $11.31 million, a P/E ratio of -1.13 and a beta of 1.94.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Wednesday, August 14th. The software maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $3.94 million during the quarter, compared to analyst estimates of $3.81 million. Bridgeline Digital had a negative return on equity of 84.86% and a negative net margin of 62.72%. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts anticipate that Bridgeline Digital will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLIN. Westpark Capital initiated coverage on Bridgeline Digital in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. StockNews.com began coverage on shares of Bridgeline Digital in a research note on Thursday. They issued a “hold” rating on the stock.

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.