TaoWeave, Inc. (NASDAQ:TWAV) Sees Large Decline in Short Interest

TaoWeave, Inc. (NASDAQ:TWAVGet Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,482 shares, a drop of 75.8% from the July 30th total of 39,153 shares. Based on an average daily trading volume, of 26,478 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

TaoWeave Trading Up 1.4%

NASDAQ TWAV traded up $0.02 during trading hours on Thursday, hitting $1.40. 33,368 shares of the company’s stock were exchanged, compared to its average volume of 39,447. The stock has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.38. TaoWeave has a 1-year low of $0.58 and a 1-year high of $3.34.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in TaoWeave in the third quarter worth $39,000. XTX Topco Ltd acquired 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 3rd quarter worth about $56,000. Two Sigma Investments LP bought a new position in shares of TaoWeave during the 3rd quarter worth about $58,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TaoWeave in the 3rd quarter valued at about $120,000. Institutional investors and hedge funds own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on TaoWeave

About TaoWeave

(Get Free Report)

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.

See Also

Receive News & Ratings for TaoWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TaoWeave and related companies with MarketBeat.com's FREE daily email newsletter.