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

TaoWeave, Inc. (NASDAQ:TWAV) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 73,911 shares, a growth of 133.5% from the May 14th total of 31,656 shares. Based on an average trading volume of 221,489 shares, the short-interest ratio is presently 0.3 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Trading of TaoWeave

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in TaoWeave in the third quarter worth $39,000. Fifth Lane Capital LP bought a new position in shares of TaoWeave during the third quarter valued at about $40,000. XTX Topco Ltd bought a new position in shares of TaoWeave during the fourth quarter valued at about $30,000. Citadel Advisors LLC bought a new position in shares of TaoWeave during the third quarter valued at about $56,000. Finally, Two Sigma Investments LP bought a new position in shares of TaoWeave during the third quarter valued at about $58,000. 1.98% of the stock is owned by institutional investors.

TaoWeave Price Performance

TaoWeave stock opened at $1.63 on Monday. The company has a market capitalization of $5.64 million, a PE ratio of -1.43 and a beta of 2.53. The firm has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $1.64. TaoWeave has a twelve month low of $0.58 and a twelve month high of $5.50.

TaoWeave (NASDAQ:TWAV) last posted its quarterly earnings results on Friday, March 20th. The company reported ($1.00) earnings per share for the quarter. The business had revenue of $0.62 million during the quarter. TaoWeave had a negative return on equity of 62.58% and a negative net margin of 158.05%.

Wall Street Analyst Weigh In

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