Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 25.6% in January

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 21,600 shares, an increase of 25.6% from the January 15th total of 17,200 shares. Based on an average daily trading volume, of 195,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Bridgeline Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Bridgeline Digital during the fourth quarter worth $31,000. 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 valued at $143,000 after purchasing an additional 22,806 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Bridgeline Digital by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after purchasing an additional 28,375 shares in the last quarter. 15.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on BLIN. StockNews.com lowered shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday. Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a report on Friday.

Bridgeline Digital Trading Down 11.6 %

BLIN traded down $0.23 during mid-day trading on Friday, hitting $1.75. The stock had a trading volume of 279,239 shares, compared to its average volume of 118,929. The stock’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.28. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $18.24 million, a price-to-earnings ratio of -9.21 and a beta of 1.88. Bridgeline Digital has a 1-year low of $0.75 and a 1-year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing 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%. As a group, research analysts forecast that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Bridgeline Digital Company Profile

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.