Bridgeline Digital, Inc. (NASDAQ:BLIN) Sees Large Drop in Short Interest

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 35,300 shares, a drop of 31.1% from the July 15th total of 51,200 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

BLIN has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Bridgeline Digital in a research note on Sunday. They issued a “hold” rating for the company. Westpark Capital started coverage on shares of Bridgeline Digital in a research report on Tuesday, July 23rd. They issued a “hold” rating for the company.

Bridgeline Digital Price Performance

BLIN stock traded up $0.04 during trading on Wednesday, reaching $0.87. 3,582 shares of the company were exchanged, compared to its average volume of 45,209. The company has a 50-day moving average of $0.95 and a two-hundred day moving average of $1.05. The company has a market capitalization of $9.01 million, a price-to-earnings ratio of -0.89 and a beta of 1.92. Bridgeline Digital has a twelve month low of $0.70 and a twelve month high of $1.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Tuesday, May 14th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Bridgeline Digital had a negative net margin of 65.95% and a negative return on equity of 74.05%. The firm had revenue of $3.80 million during the quarter, compared to analysts’ expectations of $3.81 million. During the same period in the prior year, the company posted ($0.05) EPS. As a group, equities analysts predict that Bridgeline Digital will post -0.22 earnings per share for the current fiscal year.

About Bridgeline Digital

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.