Marin Software Incorporated (NASDAQ:MRIN) Sees Significant Decline in Short Interest

Marin Software Incorporated (NASDAQ:MRIN) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 46,900 shares, a decline of 19.0% from the February 28th total of 57,900 shares. Based on an average trading volume of 23,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.6% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Marin Software in a report on Wednesday, January 15th. They issued a “hold” rating for the company.

Marin Software Stock Performance

Shares of MRIN stock remained flat at $1.35 on Tuesday. The stock had a trading volume of 157,369 shares, compared to its average volume of 540,040. The firm’s 50 day moving average price is $1.77 and its 200 day moving average price is $2.01. The company has a market capitalization of $4.24 million, a PE ratio of -0.34 and a beta of 0.63. Marin Software has a 12 month low of $1.33 and a 12 month high of $5.45.

About Marin Software

Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform, as well as self-serves solutions and managed services.