Bridgeline Digital, Inc. (NASDAQ:BLIN) Sees Significant Increase in Short Interest

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 41,900 shares, an increase of 33.0% from the December 15th total of 31,500 shares. Based on an average daily volume of 166,200 shares, the short-interest ratio is presently 0.3 days.

Bridgeline Digital Stock Performance

Bridgeline Digital stock opened at $1.74 on Friday. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.16. Bridgeline Digital has a twelve month low of $0.75 and a twelve month high of $2.80. The company has a market capitalization of $18.13 million, a PE ratio of -9.16 and a beta of 1.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Monday, December 23rd. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Bridgeline Digital had a negative return on equity of 14.75% and a negative net margin of 12.77%. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Research analysts expect that Bridgeline Digital will post -0.15 EPS for the current year.

Analysts Set New Price Targets

BLIN has been the topic of a number of recent analyst reports. Westpark Capital reiterated a “hold” rating on shares of Bridgeline Digital in a research report on Tuesday, December 24th. StockNews.com assumed coverage on Bridgeline Digital in a report on Saturday. They set a “hold” rating for the company.

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.