Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Drops By 66.1%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 37,200 shares, a decrease of 66.1% from the October 31st total of 109,700 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Bridgeline Digital in a research note on Saturday, November 23rd. They issued a “hold” rating on the stock.

Bridgeline Digital Stock Performance

Shares of NASDAQ BLIN traded down $0.02 during midday trading on Thursday, reaching $1.14. 39,893 shares of the stock were exchanged, compared to its average volume of 42,060. The firm has a market cap of $11.88 million, a price-to-earnings ratio of -1.24 and a beta of 1.96. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $1.05. Bridgeline Digital has a twelve month low of $0.72 and a twelve month high of $1.42.

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.