Renaissance Technologies Increases Stake in Bridgeline Digital Stock
2 reports, 1 independent
Updated Oct 14
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What happened
Renaissance Technologies increased its position in shares of Bridgeline Digital in the first quarter. The firm now owns 158,729 shares, valued at $127,000, after purchasing an additional 12,600 shares in the last quarter. Separately, Bridgeline Digital saw a 45.9% decline in short interest during September, dropping from 43,646 shares to 23,615 shares.
From dailypolitical.com
Why it matters
The increase in holdings by Renaissance Technologies occurs amid activity from other institutional investors, including Bard Associates Inc. and Lido Advisors LLC. This institutional buying contrasts with a recent research note from Weiss Ratings, which reaffirmed a “sell (d-)” rating on the stock.
From dailypolitical.com
Who's involved
- Renaissance TechnologiesIncreased its investment position in Bridgeline Digital stock.