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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 46,481 shares, an increase of 2,545.5% from the June 15th total of 1,757 shares. Based on an average daily volume of 121,744 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short.

Bridgeline Digital Price Performance

NASDAQ:BLIN remained flat at $1.24 during trading hours on Friday. The company’s stock had a trading volume of 98,844 shares, compared to its average volume of 157,902. Bridgeline Digital has a one year low of $0.69 and a one year high of $1.74. The company has a market capitalization of $15.62 million, a price-to-earnings ratio of -8.27 and a beta of 1.00. The stock has a fifty day moving average price of $1.07 and a 200 day moving average price of $0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.67.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $3.92 million for the quarter, compared to analysts’ expectations of $4.55 million. Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.

Institutional Investors Weigh In On Bridgeline Digital

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in Bridgeline Digital in the 3rd quarter valued at about $41,000. Lido Advisors LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth approximately $48,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth approximately $45,000. Finally, Renaissance Technologies LLC grew its position in shares of Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after purchasing an additional 12,600 shares in the last quarter. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.