Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Down 27.7% in April

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 92,000 shares, a decline of 27.7% from the March 31st total of 127,200 shares. Based on an average daily volume of 65,800 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Bridgeline Digital in a report on Monday. They issued a “hold” rating for the company.

Bridgeline Digital Trading Down 10.5 %

Shares of Bridgeline Digital stock traded down $0.14 on Monday, reaching $1.19. The company had a trading volume of 74,739 shares, compared to its average volume of 56,458. Bridgeline Digital has a 1 year low of $0.70 and a 1 year high of $1.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $12.40 million, a price-to-earnings ratio of -1.25 and a beta of 2.10. The firm’s 50-day moving average price is $1.14 and its two-hundred day moving average price is $0.91.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). Bridgeline Digital had a negative return on equity of 64.91% and a negative net margin of 64.13%. The firm had revenue of $3.76 million during the quarter, compared to analyst estimates of $3.78 million. As a group, 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.