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

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

Analysts Set New Price Targets

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

Bridgeline Digital Stock Performance

NASDAQ:BLIN remained flat at $1.14 during trading hours on Friday. The company’s stock had a trading volume of 20,079 shares, compared to its average volume of 41,966. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Bridgeline Digital has a 12 month low of $0.72 and a 12 month high of $1.42. The business’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.05. The firm has a market capitalization of $11.88 million, a P/E ratio of -1.24 and a beta of 1.96.

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.