Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Rises By 112.5%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 122,200 shares, a growth of 112.5% from the February 28th total of 57,500 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 196,100 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLIN shares. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target 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 report on Wednesday, February 19th.

Bridgeline Digital Stock Up 0.7 %

BLIN stock opened at $1.47 on Friday. The firm has a market cap of $15.35 million, a PE ratio of -7.74 and a beta of 1.85. Bridgeline Digital has a 12 month low of $0.76 and a 12 month high of $2.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $1.62 and a 200 day simple moving average of $1.41.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that Bridgeline Digital will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Bridgeline Digital in the fourth quarter worth about $31,000. Geode Capital Management LLC raised its holdings in shares of Bridgeline Digital by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after acquiring an additional 22,806 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after acquiring an additional 28,375 shares in the last quarter. Institutional investors and hedge funds own 15.08% of the company’s stock.

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.