Blackline Inc (NASDAQ:BL) Can’t Be More Risky. Short Interest Increased

May 18, 2018 - By Hazel Jackson

The stock of Blackline Inc (NASDAQ:BL) registered an increase of 4.36% in short interest. BL’s total short interest was 1.68 million shares in May as published by FINRA. Its up 4.36% from 1.61M shares, reported previously. With 335,000 shares average volume, it will take short sellers 5 days to cover their BL’s short positions. The short interest to Blackline Inc’s float is 4.6%.

The stock decreased 0.33% or $0.13 during the last trading session, reaching $39.52. About 171,837 shares traded. BlackLine, Inc. (NASDAQ:BL) has risen 35.71% since May 18, 2017 and is uptrending. It has outperformed by 24.16% the S&P500.

BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. The company has market cap of $2.11 billion. The Company’s solutions enables its clients to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. It currently has negative earnings. The companyÂ’s solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow.

More notable recent BlackLine, Inc. (NASDAQ:BL) news were published by: Globenewswire.com which released: “Blackline Announces First Quarter Financial Results” on May 03, 2018, also Seekingalpha.com with their article: “Billion-Dollar Unicorns: BlackLine Striking Powerful Partnerships” published on May 13, 2018, Globenewswire.com published: “BlackLine Announces Participation in Upcoming Investor Conferences” on May 07, 2018. More interesting news about BlackLine, Inc. (NASDAQ:BL) were released by: Seekingalpha.com and their article: “Blackline’s (BL) CEO Therese Tucker on Q1 2018 Results – Earnings Call Transcript” published on May 05, 2018 as well as Prnewswire.com‘s news article titled: “Continuous Accounting, Intercompany Account Reconciliation And Automation Key Topics At InTheBlack APAC 2018” with publication date: May 16, 2018.

BlackLine, Inc. (NASDAQ:BL) Ratings Chart

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