TaoWeave, Inc. (NASDAQ:TWAV) Sees Large Increase in Short Interest

TaoWeave, Inc. (NASDAQ:TWAV) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 204,158 shares, a growth of 176.2% from the May 31st total of 73,911 shares. Based on an average trading volume of 5,863,542 shares, the short-interest ratio is presently 0.0 days. Approximately 6.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TaoWeave in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TaoWeave presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in TaoWeave during the 3rd quarter worth $58,000. Virtu Financial LLC bought a new stake in shares of TaoWeave during the third quarter worth $39,000. Boothbay Fund Management LLC acquired a new position in shares of TaoWeave during the third quarter valued at $120,000. Citadel Advisors LLC bought a new stake in shares of TaoWeave during the third quarter worth approximately $56,000. Finally, Renaissance Technologies LLC acquired a new position in TaoWeave in the fourth quarter valued at approximately $131,000. Institutional investors own 1.98% of the company’s stock.

TaoWeave Stock Up 0.8%

NASDAQ:TWAV traded up $0.01 during mid-day trading on Friday, reaching $1.30. 70,558 shares of the company were exchanged, compared to its average volume of 3,359,865. The stock has a market cap of $4.50 million, a PE ratio of -1.14 and a beta of 2.52. TaoWeave has a 12 month low of $0.58 and a 12 month high of $5.50. The company has a fifty day moving average of $1.59 and a 200 day moving average of $1.60.

About TaoWeave

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.