Time to Reconsider Bridgeline Digital Incorporated (NASDAQ:BLIN) After More Short Sellers?

September 17, 2017 - By Richard Conner

 Time to Reconsider Bridgeline Digital Incorporated (NASDAQ:BLIN) After More Short Sellers?

The stock of Bridgeline Digital Incorporated (NASDAQ:BLIN) registered an increase of 80.54% in short interest. BLIN’s total short interest was 53,800 shares in September as published by FINRA. Its up 80.54% from 29,800 shares, reported previously. With 14,600 shares average volume, it will take short sellers 4 days to cover their BLIN’s short positions.

The stock decreased 9.49% or $0.28 on September 15, reaching $2.67. About 33,385 shares traded or 61.78% up from the average. Bridgeline Digital Inc (NASDAQ:BLIN) has declined 24.66% since September 17, 2016 and is downtrending. It has underperformed by 41.36% the S&P500.

Bridgeline Digital, Inc. is a digital engagement company. The company has market cap of $11.22 million. The Company’s iAPPS platform is a Web Engagement Management platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their clients across all channels. It currently has negative earnings. The iAPPS platform is delivered through a cloud Software as a Service (SaaS) multi-tenant business model, which provides clients with deployment providing maintenance, daily technical operation and support, or through a perpetual licensing business model.

More notable recent Bridgeline Digital Inc (NASDAQ:BLIN) news were published by: Globenewswire.com which released: “Two Technology Executives Join Bridgeline Leadership Team” on August 11, 2017, also Globenewswire.com with their article: “Multi-National Retailer Selects Bridgeline Digital to Power their Franchise …” published on August 14, 2017, Globenewswire.com published: “Bridgeline Digital Completes $6 Million Debt Conversion to Equity” on August 05, 2016. More interesting news about Bridgeline Digital Inc (NASDAQ:BLIN) were released by: Seekingalpha.com and their article: “Bridgeline Digital’s (BLIN) CEO Ari Kahn on Q3 2017 Results – Earnings Call …” published on August 15, 2017 as well as Globenewswire.com‘s news article titled: “Bridgeline Digital included in 2017 Digital Commerce Vendor Guide” with publication date: August 23, 2017.

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