Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 218.1% in February

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 68,700 shares, an increase of 218.1% from the January 31st total of 21,600 shares. Based on an average trading volume of 209,600 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a research report on Friday, February 14th. StockNews.com raised Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Bridgeline Digital Stock Down 6.6 %

NASDAQ:BLIN traded down $0.09 during mid-day trading on Friday, hitting $1.21. The stock had a trading volume of 81,685 shares, compared to its average volume of 88,173. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. Bridgeline Digital has a twelve month low of $0.76 and a twelve month high of $2.80. The company has a market capitalization of $12.58 million, a PE ratio of -6.34 and a beta of 1.88. The stock has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $1.33.

Bridgeline Digital (NASDAQ:BLIN) last posted 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%. On average, equities research analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Bridgeline Digital

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in Bridgeline Digital in the fourth quarter valued at approximately $31,000. Geode Capital Management LLC boosted its holdings in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after buying an additional 22,806 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 acquiring an additional 28,375 shares in the last quarter. Hedge funds and other institutional investors own 15.08% of the company’s stock.

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.