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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 122,200 shares, an increase of 112.5% from the February 28th total of 57,500 shares. Based on an average trading volume of 196,100 shares, the short-interest ratio is presently 0.6 days. Approximately 1.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a research note on Friday, February 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLIN. Renaissance Technologies LLC grew its stake in shares of Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares during the last quarter. Geode Capital Management LLC grew its position in Bridgeline Digital by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after buying an additional 22,806 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Bridgeline Digital in the fourth quarter valued at $31,000. 15.08% of the stock is owned by institutional investors and hedge funds.

Bridgeline Digital Stock Performance

Bridgeline Digital stock traded up $0.01 during midday trading on Friday, reaching $1.47. 76,846 shares of the stock traded hands, compared to its average volume of 82,785. The firm has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.40. Bridgeline Digital has a fifty-two week low of $0.76 and a fifty-two week high of $2.80. The firm has a market cap of $15.35 million, a price-to-earnings ratio of -7.74 and a beta of 1.85. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. On average, equities research analysts forecast that Bridgeline Digital will post -0.15 earnings per share 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.