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

TaoWeave, Inc. (NASDAQ:TWAV – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 21,264 shares, a growth of 155.0% from the August 31st total of 8,339 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 39,964 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of TaoWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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TaoWeave Price Performance

Shares of NASDAQ:TWAV traded up $0.04 during midday trading on Friday, hitting $1.57. The company had a trading volume of 85,282 shares, compared to its average volume of 55,126. The company has a market cap of $6.09 million, a price-to-earnings ratio of -0.98 and a beta of 2.55. TaoWeave has a 12-month low of $0.58 and a 12-month high of $3.21. The company has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.45.

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

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.

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