Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Up 87.3% in September

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 102,100 shares, a growth of 87.3% from the August 31st total of 54,500 shares. Based on an average daily volume of 39,800 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com assumed coverage on Bridgeline Digital in a research report on Saturday. They issued a “hold” rating on the stock. Westpark Capital began coverage on Bridgeline Digital in a report on Tuesday, July 23rd. They set a “hold” rating on the stock.

Bridgeline Digital Trading Down 0.9 %

BLIN stock traded down $0.01 during midday trading on Friday, hitting $1.16. 20,253 shares of the company’s stock were exchanged, compared to its average volume of 44,506. The stock’s fifty day moving average price is $0.98 and its 200-day moving average price is $1.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $12.08 million, a PE ratio of -1.21 and a beta of 1.94. Bridgeline Digital has a one year low of $0.70 and a one year high of $1.42.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Wednesday, August 14th. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $3.94 million for the quarter, compared to analyst estimates of $3.81 million. Bridgeline Digital had a negative return on equity of 84.86% and a negative net margin of 62.72%. During the same period in the previous year, the company posted ($0.07) earnings per share. Research analysts predict that Bridgeline Digital will post -0.2 earnings per share for the current fiscal year.

Bridgeline Digital Company Profile

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.