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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 57,500 shares, a decline of 16.3% from the February 13th total of 68,700 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 215,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Bridgeline Digital

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at $31,000. Geode Capital Management LLC increased its holdings in Bridgeline Digital by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares in the last quarter. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Stock Performance

Shares of Bridgeline Digital stock opened at $1.45 on Thursday. The firm has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.39. The stock has a market capitalization of $15.14 million, a price-to-earnings ratio of -7.63 and a beta of 1.85. Bridgeline Digital has a 52 week low of $0.76 and a 52 week high of $2.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. As a group, equities research analysts predict that Bridgeline Digital will post -0.15 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BLIN. StockNews.com upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a research report on Friday, February 14th.

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.