Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Down 90.8% in June
by Michael Walen · The Markets DailyBridgeline Digital, Inc. (NASDAQ:BLIN – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,757 shares, a decrease of 90.8% from the May 31st total of 19,012 shares. Based on an average trading volume of 52,432 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Bridgeline Digital Stock Performance
NASDAQ BLIN opened at $1.06 on Friday. The stock has a market capitalization of $13.42 million, a price-to-earnings ratio of -7.10 and a beta of 1.06. Bridgeline Digital has a twelve month low of $0.69 and a twelve 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 stock has a 50-day moving average of $1.01 and a 200 day moving average of $0.92.
Bridgeline Digital (NASDAQ:BLIN – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) 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 net margin of 10.75% and a negative return on equity of 17.46%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Bridgeline Digital in the 3rd quarter worth about $41,000. DRW Securities LLC acquired a new position in Bridgeline Digital in the 4th quarter valued at $45,000. Lido Advisors LLC purchased a new position in Bridgeline Digital in the 4th quarter valued at $48,000. Finally, Renaissance Technologies LLC lifted its holdings in Bridgeline Digital by 8.6% in 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. Institutional investors and hedge funds own 15.08% of the company’s stock.
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.