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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant increase in short interest in 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 days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

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

Bridgeline Digital Price Performance

Shares of NASDAQ:BLIN opened at $1.74 on Friday. The firm has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. Bridgeline Digital has a one year low of $0.75 and a one year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Monday, December 23rd. The software maker reported ($0.04) earnings per share (EPS) 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 last year, the business earned ($0.02) earnings per share. As a group, equities analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current year.

About Bridgeline Digital

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.