Short Interest in Bridgeline Digital, Inc. (NASDAQ:BLIN) Drops By 27.2%

Bridgeline Digital, Inc. (NASDAQ:BLIN) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 27,100 shares, a drop of 27.2% from the November 15th total of 37,200 shares. Based on an average trading volume of 44,500 shares, the days-to-cover ratio is presently 0.6 days.

Bridgeline Digital Stock Up 1.1 %

BLIN stock traded up $0.02 during mid-day trading on Friday, hitting $1.33. 123,738 shares of the company were exchanged, compared to its average volume of 46,723. The firm has a market cap of $14.06 million, a P/E ratio of -1.45 and a beta of 1.95. Bridgeline Digital has a 1-year low of $0.75 and a 1-year high of $1.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day simple moving average is $1.16 and its 200 day simple moving average is $1.06.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Bridgeline Digital in a research note on Monday, December 9th. They issued a “hold” rating for the company.

About Bridgeline Digital

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.