TaoWeave, Inc. (NASDAQ:TWAV) Short Interest Update

TaoWeave, Inc. (NASDAQ:TWAV) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 19,486 shares, a drop of 69.2% from the June 30th total of 63,253 shares. Based on an average daily volume of 67,963 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of TaoWeave during the 3rd quarter worth $56,000. Two Sigma Investments LP bought a new stake in shares of TaoWeave during the third quarter worth $58,000. Boothbay Fund Management LLC bought a new position in shares of TaoWeave in the 3rd quarter valued at $120,000. Renaissance Technologies LLC acquired a new position in TaoWeave in the 4th quarter worth about $131,000. Finally, Virtu Financial LLC acquired a new stake in shares of TaoWeave during the third quarter valued at about $39,000. 1.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TaoWeave in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

TaoWeave Stock Performance

Shares of TWAV stock opened at $1.25 on Tuesday. The stock has a 50 day simple moving average of $1.42 and a 200 day simple moving average of $1.47. TaoWeave has a 1 year low of $0.58 and a 1 year high of $4.30. The stock has a market cap of $4.33 million, a P/E ratio of -1.10 and a beta of 2.50.

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.