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

TaoWeave, Inc. (NASDAQ:TWAV) was the recipient of a significant drop in short interest in 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 trading volume of 67,963 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On TaoWeave

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in TaoWeave in the 4th quarter worth approximately $131,000. Boothbay Fund Management LLC purchased a new stake in shares of TaoWeave during the 3rd quarter valued at $120,000. Two Sigma Investments LP bought a new stake in shares of TaoWeave during the 3rd quarter worth $58,000. Citadel Advisors LLC bought a new stake in shares of TaoWeave during the 3rd quarter worth $56,000. Finally, Virtu Financial LLC purchased a new position in TaoWeave in the third quarter worth $39,000. 1.98% of the stock is owned by hedge funds and other institutional investors.

TaoWeave Price Performance

NASDAQ TWAV remained flat at $1.25 during trading on Monday. The company’s stock had a trading volume of 33,969 shares, compared to its average volume of 711,405. The stock has a 50 day moving average of $1.43 and a two-hundred day moving average of $1.48. TaoWeave has a fifty-two week low of $0.58 and a fifty-two week high of $4.30. The company has a market capitalization of $4.32 million, a PE ratio of -1.10 and a beta of 2.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.