Marin Software Incorporated (NASDAQ:MRIN) Short Interest Up 20.8% in May

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 247,700 shares, an increase of 20.8% from the April 30th total of 205,100 shares. Currently, 8.5% of the shares of the company are short sold. Based on an average daily volume of 1,580,000 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of Marin Software in a research report on Wednesday, May 21st. They issued a “hold” rating for the company.

Marin Software Price Performance

MRIN stock opened at $0.75 on Thursday. The company has a fifty day moving average price of $0.89 and a 200 day moving average price of $1.58. Marin Software has a 12 month low of $0.41 and a 12 month high of $3.39. The company has a market cap of $2.39 million, a price-to-earnings ratio of -0.19 and a beta of 0.58.

About Marin Software

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as self-serves solutions and managed services.