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

TaoWeave, Inc. (NASDAQ:TWAV) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 39,153 shares, an increase of 100.9% from the July 15th total of 19,486 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,668 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On TaoWeave

Several institutional investors and hedge funds have recently made changes to their positions in TWAV. XTX Topco Ltd bought a new stake in TaoWeave in the fourth quarter worth $30,000. Virtu Financial LLC bought a new position in shares of TaoWeave during the third quarter valued at about $39,000. Citadel Advisors LLC bought a new position in shares of TaoWeave during the third quarter valued at about $56,000. Two Sigma Investments LP purchased a new position in shares of TaoWeave in the third quarter worth about $58,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of TaoWeave in the fourth quarter worth about $85,000. Institutional investors own 1.98% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TaoWeave in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

TaoWeave Stock Performance

NASDAQ:TWAV 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 stock has a market capitalization of $4.93 million, a P/E ratio of -0.79 and a beta of 2.52. The firm has a 50 day moving average price of $1.36 and a two-hundred day moving average price of $1.40. TaoWeave has a one year low of $0.58 and a one year high of $3.68.

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

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.