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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 51,200 shares, a decrease of 22.1% from the June 30th total of 65,700 shares. Based on an average daily volume of 32,300 shares, the short-interest ratio is presently 1.6 days.

Bridgeline Digital Trading Up 0.9 %

Shares of NASDAQ BLIN traded up $0.01 during midday trading on Tuesday, reaching $0.91. 19,306 shares of the stock were exchanged, compared to its average volume of 46,500. Bridgeline Digital has a twelve month low of $0.70 and a twelve month high of $1.42. The stock has a market capitalization of $9.47 million, a P/E ratio of -0.95 and a beta of 1.92. The company has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Tuesday, May 14th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $3.80 million during the quarter, compared to analysts’ expectations of $3.81 million. Bridgeline Digital had a negative return on equity of 74.05% and a negative net margin of 65.95%. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, equities analysts expect that Bridgeline Digital will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com started coverage on Bridgeline Digital in a research report on Friday. They set a “hold” rating on the stock. Westpark Capital began coverage on Bridgeline Digital in a report on Tuesday, July 23rd. They set a “hold” rating on the stock.

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.