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

Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 12,600 shares, a drop of 48.4% from the April 30th total of 24,400 shares. Based on an average trading volume of 34,000 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on Bridgeline Digital in a research report on Sunday, May 21st. They issued a “hold” rating on the stock. TheStreet cut shares of Bridgeline Digital from a “c-” rating to a “d” rating in a research report on Wednesday, February 15th.

Insider Buying and Selling

In related news, CEO Roger E. Kahn bought 28,212 shares of the business’s stock in a transaction on Friday, March 10th. The shares were purchased at an average price of $1.08 per share, for a total transaction of $30,468.96. Following the completion of the transaction, the chief executive officer now directly owns 757,228 shares of the company’s stock, valued at approximately $817,806.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Bridgeline Digital news, CEO Roger E. Kahn bought 60,659 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $69,151.26. Following the transaction, the chief executive officer now directly owns 728,111 shares in the company, valued at $830,046.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger E. Kahn bought 28,212 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average price of $1.08 per share, for a total transaction of $30,468.96. Following the completion of the transaction, the chief executive officer now owns 757,228 shares in the company, valued at $817,806.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 136,659 shares of company stock worth $147,168. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Bridgeline Digital

A hedge fund recently bought a new stake in Bridgeline Digital stock. Virtu Financial LLC purchased a new position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,556 shares of the software maker’s stock, valued at approximately $41,000. Virtu Financial LLC owned 0.31% of Bridgeline Digital as of its most recent filing with the SEC. 19.40% of the stock is currently owned by hedge funds and other institutional investors.

Bridgeline Digital Stock Down 1.4 %

BLIN stock traded down $0.01 during mid-day trading on Friday, reaching $1.00. The company’s stock had a trading volume of 13,620 shares, compared to its average volume of 49,579. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $0.93 and its 200 day moving average price is $1.10. Bridgeline Digital has a 12 month low of $0.87 and a 12 month high of $1.68.

Bridgeline Digital Company Profile

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.