Short Interest in Marin Software Incorporated (NASDAQ:MRIN) Declines By 19.7%

Marin Software Incorporated (NASDAQ:MRIN) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 68,600 shares, a decline of 19.7% from the December 31st total of 85,400 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

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

Marin Software Price Performance

NASDAQ MRIN traded down $0.01 on Friday, hitting $2.01. 7,457 shares of the company were exchanged, compared to its average volume of 16,191. Marin Software has a twelve month low of $1.44 and a twelve month high of $5.45. The company’s 50 day moving average price is $2.11 and its 200-day moving average price is $2.20. The firm has a market capitalization of $6.31 million, a P/E ratio of -0.51 and a beta of 0.63.

Marin Software (NASDAQ:MRIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.71) EPS for the quarter. Marin Software had a negative return on equity of 77.89% and a negative net margin of 71.93%. The firm had revenue of $4.28 million during the quarter.

Marin Software Company Profile

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.