Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Increases By 99.3%

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 12,964 shares, a growth of 99.3% from the April 30th total of 6,505 shares. Based on an average trading volume of 29,540 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Bridgeline Digital

A number of large investors have recently added to or reduced their stakes in BLIN. Lido Advisors LLC acquired a new stake in Bridgeline Digital during the 4th quarter valued at $48,000. DRW Securities LLC acquired a new stake in Bridgeline Digital during the 4th quarter valued at $45,000. Citadel Advisors LLC acquired a new stake in Bridgeline Digital during the 3rd quarter valued at $41,000. Finally, Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after purchasing an additional 12,600 shares in the last quarter. 15.08% of the stock is owned by institutional investors and hedge funds.

Bridgeline Digital Price Performance

Bridgeline Digital stock opened at $1.26 on Tuesday. Bridgeline Digital has a 52-week low of $0.69 and a 52-week high of $1.74. The firm has a fifty day moving average of $0.93 and a 200-day moving average of $0.91. The firm has a market capitalization of $15.88 million, a P/E ratio of -8.40 and a beta of 1.06. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.01.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $3.92 million during the quarter, compared to analyst estimates 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

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.