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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,757 shares, a decrease of 90.8% from the May 31st total of 19,012 shares. Based on an average daily volume of 52,432 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Bridgeline Digital Stock Performance

Shares of BLIN traded down $0.04 during mid-day trading on Thursday, hitting $1.05. The stock had a trading volume of 113,578 shares, compared to its average volume of 54,401. Bridgeline Digital has a 52 week low of $0.69 and a 52 week high of $1.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average price of $1.01 and a 200-day moving average price of $0.92. The firm has a market cap of $13.23 million, a P/E ratio of -7.00 and a beta of 1.06.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.The firm had revenue of $3.92 million for the quarter, compared to the consensus estimate of $4.55 million.

Institutional Trading of Bridgeline Digital

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Bridgeline Digital during the 3rd quarter valued at approximately $41,000. DRW Securities LLC purchased a new position in Bridgeline Digital in the 4th quarter valued at approximately $45,000. Lido Advisors LLC purchased a new position in Bridgeline Digital in the 4th quarter valued at approximately $48,000. Finally, Renaissance Technologies LLC raised its holdings in Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after acquiring an additional 12,600 shares during the period. Institutional investors own 15.08% of the company’s stock.

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.