TaoWeave, Inc. (NASDAQ:TWAV – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 39,153 shares, a growth of 100.9% from the July 15th total of 19,486 shares. Based on an average daily trading volume, of 56,668 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the company’s shares are short sold.
Institutional Trading of TaoWeave
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in TaoWeave in the 4th quarter worth about $131,000. Boothbay Fund Management LLC purchased a new stake in TaoWeave in the 4th quarter valued at about $85,000. Two Sigma Investments LP purchased a new stake in TaoWeave in the 3rd quarter valued at about $58,000. Citadel Advisors LLC bought a new position in TaoWeave in the 3rd quarter worth about $56,000. Finally, XTX Topco Ltd bought a new position in TaoWeave in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 1.98% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TaoWeave in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
TaoWeave Price Performance
Shares of NASDAQ:TWAV opened at $1.27 on Monday. The firm has a market capitalization of $4.93 million, a PE ratio of -0.79 and a beta of 2.52. The business has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.40. TaoWeave has a 1 year low of $0.58 and a 1 year high of $3.68.
TaoWeave (NASDAQ:TWAV – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.84) earnings per share for the quarter. TaoWeave had a negative return on equity of 108.74% and a negative net margin of 272.06%.The business had revenue of $0.52 million during the quarter.
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.
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