TaoWeave, Inc. (NASDAQ:TWAV) Short Interest Up 100.9% in July

TaoWeave, Inc. (NASDAQ:TWAV) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 39,153 shares, a growth of 100.9% from the July 15th total of 19,486 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 56,668 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TaoWeave in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in TaoWeave in the 3rd quarter worth approximately $39,000. XTX Topco Ltd purchased a new position in shares of TaoWeave during the fourth quarter valued at approximately $30,000. Citadel Advisors LLC purchased a new position in shares of TaoWeave during the third quarter valued at approximately $56,000. Two Sigma Investments LP bought a new position in shares of TaoWeave during the third quarter valued at approximately $58,000. Finally, Boothbay Fund Management LLC bought a new position in shares of TaoWeave during the third quarter valued at approximately $120,000. Institutional investors own 1.98% of the company’s stock.

TaoWeave Trading Down 4.5%

Shares of TWAV stock traded down $0.06 during mid-day trading on Friday, reaching $1.27. The stock had a trading volume of 22,889 shares, compared to its average volume of 45,251. The firm has a market capitalization of $4.93 million, a PE ratio of -0.79 and a beta of 2.52. The stock’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.40. TaoWeave has a 52-week low of $0.58 and a 52-week high of $3.68.

TaoWeave (NASDAQ:TWAV) last posted its earnings results on Friday, August 7th. The company reported ($0.84) earnings per share for the quarter. The firm had revenue of $0.52 million for the quarter. TaoWeave had a negative return on equity of 108.74% and a negative net margin of 272.06%.

TaoWeave Company Profile

Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.