TaoWeave, Inc. (NASDAQ:TWAV) Short Interest Down 69.2% in July

TaoWeave, Inc. (NASDAQ:TWAV) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 19,486 shares, a decline of 69.2% from the June 30th total of 63,253 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 67,963 shares, the short-interest ratio is currently 0.3 days.

TaoWeave Trading Down 0.8%

NASDAQ:TWAV opened at $1.25 on Friday. TaoWeave has a 12 month low of $0.58 and a 12 month high of $4.65. The firm’s 50 day moving average is $1.43 and its 200 day moving average is $1.48. The stock has a market capitalization of $4.33 million, a PE ratio of -1.10 and a beta of 2.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On TaoWeave

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of TaoWeave during the fourth quarter valued at about $131,000. Boothbay Fund Management LLC bought a new stake in shares of TaoWeave in the 4th quarter valued at about $85,000. Citadel Advisors LLC bought a new stake in shares of TaoWeave in the 3rd quarter valued at about $56,000. Two Sigma Investments LP purchased a new stake in TaoWeave during the 3rd quarter valued at about $58,000. Finally, Virtu Financial LLC purchased a new stake in TaoWeave during the 3rd quarter valued at about $39,000. 1.98% of the stock is currently owned by institutional investors.

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.