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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 46,481 shares, a growth of 2,545.5% from the June 15th total of 1,757 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 121,744 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Bridgeline Digital

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in Bridgeline Digital in the 3rd quarter valued at about $41,000. Lido Advisors LLC purchased a new stake in shares of Bridgeline Digital in the 4th quarter valued at approximately $48,000. DRW Securities LLC acquired a new stake in shares of Bridgeline Digital during the 4th quarter worth approximately $45,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after buying an additional 12,600 shares during the last quarter. 15.08% of the stock is owned by hedge funds and other institutional investors.

Bridgeline Digital Stock Performance

NASDAQ:BLIN remained flat at $1.24 during trading hours on Friday. The company’s stock had a trading volume of 98,844 shares, compared to its average volume of 157,902. Bridgeline Digital has a 12 month low of $0.69 and a 12 month high of $1.74. The firm has a market capitalization of $15.62 million, a P/E ratio of -8.27 and a beta of 1.00. The business’s 50-day moving average price is $1.07 and its 200-day moving average price is $0.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

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

Bridgeline Digital Company Profile

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.