Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Down 90.8% in June

Bridgeline Digital, Inc. (NASDAQ:BLINGet Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,757 shares, a decline of 90.8% from the May 31st total of 19,012 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 52,432 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Bridgeline Digital

A number of institutional investors have recently bought and sold shares of BLIN. Lido Advisors LLC bought a new position in shares of Bridgeline Digital in the 4th quarter worth about $48,000. DRW Securities LLC bought a new stake in shares of Bridgeline Digital during the 4th quarter valued at about $45,000. Citadel Advisors LLC bought a new stake in shares of Bridgeline Digital during the 3rd quarter valued at about $41,000. Finally, Renaissance Technologies LLC grew its stake in Bridgeline Digital by 8.6% during the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after purchasing an additional 12,600 shares during the period. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Trading Up 10.5%

NASDAQ:BLIN traded up $0.11 on Friday, reaching $1.16. 102,791 shares of the stock traded hands, compared to its average volume of 85,150. The firm has a market capitalization of $14.62 million, a price-to-earnings ratio of -7.73 and a beta of 1.06. The company’s 50 day moving average is $1.01 and its 200-day moving average is $0.92. 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 has a 1-year low of $0.69 and a 1-year high of $1.74.

Bridgeline Digital (NASDAQ:BLINGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.The firm had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.55 million.

About Bridgeline Digital

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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.

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