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

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 46,481 shares, an increase 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. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in Bridgeline Digital during the third quarter worth about $41,000. DRW Securities LLC acquired a new position in Bridgeline Digital in the 4th quarter valued at approximately $45,000. Lido Advisors LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter worth approximately $48,000. Finally, Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after acquiring an additional 12,600 shares during the period. Institutional investors and hedge funds own 15.08% of the company’s stock.

Bridgeline Digital Stock Performance

Bridgeline Digital stock remained flat at $1.24 during trading hours 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 52-week low of $0.69 and a 52-week 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 200-day moving average price of $0.93. The firm has a market capitalization of $15.62 million, a price-to-earnings ratio of -8.27 and a beta of 1.00.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative net margin of 10.75% and a negative return on equity of 17.46%. The firm had revenue of $3.92 million during the quarter, compared to the consensus estimate of $4.55 million.

Bridgeline Digital Company Profile

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.