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

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

Bridgeline Digital Stock Performance

Shares of NASDAQ:BLIN remained flat at $1.14 on Friday. The stock had a trading volume of 20,079 shares, compared to its average volume of 41,966. The business has a 50-day moving average of $1.14 and a 200 day moving average of $1.05. Bridgeline Digital has a twelve month low of $0.72 and a twelve month high of $1.42. The firm has a market capitalization of $11.88 million, a P/E ratio of -1.24 and a beta of 1.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Bridgeline Digital in a research report on Saturday, November 23rd. They set a “hold” rating on the stock.

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.