Bridgeline Digital, Inc. (NASDAQ:BLIN) Stock Short Interest Report for September

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 23,615 shares, a decline of 45.9% from the September 15th total of 43,646 shares. Based on an average trading volume of 17,445 shares, the short-interest ratio is currently 1.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Bridgeline Digital

Institutional investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. acquired a new position in Bridgeline Digital in the 2nd quarter worth $1,195,000. Renaissance Technologies LLC increased 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 worth $127,000 after purchasing an additional 12,600 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Bridgeline Digital by 37.1% during the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after purchasing an additional 21,353 shares in the last quarter. 15.08% of the stock is owned by institutional investors.

Bridgeline Digital Stock Up 1.3%

BLIN stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.77. 1,969 shares of the company were exchanged, compared to its average volume of 62,844. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.61 and a current ratio of 0.61. Bridgeline Digital has a 1-year low of $0.69 and a 1-year high of $1.45. The firm’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $1.00. The firm has a market cap of $9.64 million, a P/E ratio of -6.38 and a beta of 0.92.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, August 13th. The software maker reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Bridgeline Digital had a negative net margin of 8.65% and a negative return on equity of 14.51%. The company had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.70 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Friday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bridgeline Digital has an average rating of “Hold” and a consensus target price of $4.62.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc is a software company that provides digital experience and e-commerce solutions to businesses seeking to improve online customer engagement, product discovery and sales. Its offerings are delivered primarily through cloud-based software and are designed for organizations operating websites, online stores and other digital channels.

The company’s product portfolio includes HawkSearch, an AI-powered site search and merchandising platform that helps businesses deliver relevant search results, recommendations and personalized shopping experiences.