Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Expands By 2,545.5%

Bridgeline Digital, Inc. (NASDAQ:BLINGet Free Report) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 46,481 shares, a growth of 2,545.5% from the June 15th total of 1,757 shares. Based on an average daily volume of 121,744 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of Bridgeline Digital

Several institutional investors and hedge funds have recently bought and sold shares of BLIN. Citadel Advisors LLC acquired a new stake in shares of Bridgeline Digital in the 3rd quarter valued at about $41,000. DRW Securities LLC acquired a new position in Bridgeline Digital during the fourth quarter worth approximately $45,000. Lido Advisors LLC purchased a new stake in Bridgeline Digital in the fourth quarter valued at approximately $48,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after acquiring an additional 12,600 shares during the period. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

Bridgeline Digital Stock Performance

BLIN stock remained flat at $1.24 during midday trading on Friday. The company’s stock had a trading volume of 98,844 shares, compared to its average volume of 157,902. Bridgeline Digital has a 12 month low of $0.69 and a 12 month high of $1.74. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $0.93. The stock has a market cap of $15.62 million, a P/E ratio of -8.27 and a beta of 1.00.

Bridgeline Digital (NASDAQ:BLINGet Free Report) last released its 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). The business had revenue of $3.92 million for the quarter, compared to analysts’ expectations of $4.55 million. Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.

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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