Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 33.0% in December

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 41,900 shares, an increase of 33.0% from the December 15th total of 31,500 shares. Based on an average daily volume of 166,200 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several research analysts have weighed in on BLIN shares. StockNews.com assumed coverage on Bridgeline Digital in a research report on Saturday. They issued a “hold” rating on the stock. Westpark Capital reissued a “hold” rating on shares of Bridgeline Digital in a report on Tuesday, December 24th.

Bridgeline Digital Price Performance

BLIN opened at $1.74 on Friday. The company’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.16. 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 has a twelve month low of $0.75 and a twelve month high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Monday, December 23rd. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Bridgeline Digital had a negative return on equity of 14.75% and a negative net margin of 12.77%. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, equities analysts predict that Bridgeline Digital will post -0.15 EPS 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.