TaoWeave, Inc. (NASDAQ:TWAV – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 204,158 shares, an increase of 176.2% from the May 31st total of 73,911 shares. Based on an average trading volume of 5,863,542 shares, the short-interest ratio is currently 0.0 days. Currently, 6.1% of the shares of the stock are sold short.
TaoWeave Stock Performance
NASDAQ TWAV opened at $1.31 on Monday. The stock has a fifty day moving average of $1.59 and a 200-day moving average of $1.60. The stock has a market capitalization of $4.53 million, a P/E ratio of -1.15 and a beta of 2.53. TaoWeave has a 52 week low of $0.58 and a 52 week high of $5.50.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TaoWeave in a research report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of TaoWeave during the 4th quarter worth approximately $30,000. Virtu Financial LLC acquired a new position in TaoWeave in the third quarter valued at approximately $39,000. Citadel Advisors LLC bought a new position in TaoWeave in the third quarter valued at approximately $56,000. Two Sigma Investments LP bought a new position in TaoWeave in the third quarter valued at approximately $58,000. Finally, Boothbay Fund Management LLC acquired a new stake in TaoWeave during the 4th quarter worth $85,000. 1.98% of the stock is currently owned by institutional investors and hedge funds.
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.
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