Marin Software Incorporated (NASDAQ:MRIN) Short Interest Down 28.9% in October

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 95,700 shares, a drop of 28.9% from the October 15th total of 134,600 shares. Based on an average daily volume of 126,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately 3.3% of the shares of the stock are sold short.

Marin Software Price Performance

Shares of NASDAQ:MRIN traded down $0.01 during trading on Thursday, hitting $2.04. 8,605 shares of the company were exchanged, compared to its average volume of 609,921. The firm’s 50 day moving average price is $2.20 and its 200-day moving average price is $2.36. Marin Software has a 12-month low of $1.44 and a 12-month high of $5.45. The stock has a market capitalization of $6.39 million, a P/E ratio of -0.52 and a beta of 0.55.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Marin Software in a research note on Sunday. They set a “hold” rating on the stock.

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.