Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Declines By 36.7%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 66,106 shares, a decline of 36.7% from the November 30th total of 104,422 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 114,337 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 114,337 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. Citadel Advisors LLC purchased a new stake in Bridgeline Digital, Inc. (NASDAQ:BLIN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.26% of Bridgeline Digital as of its most recent SEC filing. Institutional investors and hedge funds own 15.08% of the company’s stock.

Bridgeline Digital Price Performance

NASDAQ:BLIN opened at $0.93 on Monday. Bridgeline Digital has a 12-month low of $0.90 and a 12-month high of $2.80. The firm has a market capitalization of $11.36 million, a price-to-earnings ratio of -3.58 and a beta of 0.73. The stock’s 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, December 18th. The software maker reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Bridgeline Digital had a negative return on equity of 25.40% and a negative net margin of 16.37%.The business had revenue of $3.87 million for the quarter, compared to analyst estimates of $3.95 million. On average, analysts anticipate that Bridgeline Digital will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, October 8th. Zacks Research raised Bridgeline Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Westpark Capital reissued a “buy” rating and issued a $4.62 target price on shares of Bridgeline Digital in a research note on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bridgeline Digital currently has a consensus rating of “Hold” and an average price target of $4.62.

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.