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

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 8,629 shares, a drop of 32.0% from the March 15th total of 12,684 shares. Based on an average daily trading volume, of 20,504 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Bridgeline Digital Trading Up 0.7%

NASDAQ:BLIN opened at $0.84 on Wednesday. Bridgeline Digital has a one year low of $0.69 and a one year high of $2.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $10.53 million, a P/E ratio of -3.98 and a beta of 0.87. The firm has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $0.99.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, February 12th. The software maker reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. The business had revenue of $3.91 million during the quarter, compared to analyst estimates of $4.30 million. Equities analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Westpark Capital restated a “buy” rating and issued a $4.62 price target on shares of Bridgeline Digital in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bridgeline Digital has an average rating of “Hold” and a consensus target price of $4.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Bridgeline Digital in the 3rd quarter worth approximately $41,000. DRW Securities LLC purchased a new position in shares of Bridgeline Digital in the 4th quarter worth approximately $45,000. Finally, Lido Advisors LLC purchased a new position in shares of Bridgeline Digital in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

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.