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

TaoWeave, Inc. (NASDAQ:TWAV) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 63,253 shares, a decrease of 69.0% from the June 15th total of 204,158 shares. Based on an average trading volume of 163,360 shares, the short-interest ratio is currently 0.4 days. Currently, 1.9% of the shares of the stock are short sold.

TaoWeave Stock Performance

Shares of TWAV traded down $0.06 during mid-day trading on Monday, reaching $1.30. 9,935 shares of the company were exchanged, compared to its average volume of 762,667. The business has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.53. The stock has a market capitalization of $4.50 million, a PE ratio of -1.14 and a beta of 2.50. TaoWeave has a 52 week low of $0.58 and a 52 week high of $5.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of TaoWeave in the 3rd quarter valued at $39,000. XTX Topco Ltd bought a new position in TaoWeave during the fourth quarter worth $30,000. Citadel Advisors LLC bought a new position in TaoWeave during the third quarter worth $56,000. Two Sigma Investments LP acquired a new position in TaoWeave in the third quarter valued at $58,000. Finally, Boothbay Fund Management LLC acquired a new position in TaoWeave in the third quarter valued at $120,000. Institutional investors own 1.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, TaoWeave currently has a consensus rating of “Sell”.

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.