Marin Software Incorporated (NASDAQ:MRIN) Sees Large Drop in Short Interest

Marin Software Incorporated (NASDAQ:MRIN) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 46,900 shares, a decrease of 19.0% from the February 28th total of 57,900 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Marin Software in a research report on Wednesday, January 15th. They set a “hold” rating on the stock.

Marin Software Trading Down 2.8 %

Shares of MRIN opened at $1.38 on Monday. The company’s 50 day simple moving average is $1.78 and its 200-day simple moving average is $2.02. Marin Software has a 12-month low of $1.35 and a 12-month high of $5.45. The firm has a market cap of $4.34 million, a PE ratio of -0.35 and a beta of 0.63.

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.