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

TaoWeave, Inc. (NASDAQ:TWAV) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 21,264 shares, an increase of 155.0% from the August 31st total of 8,339 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 39,964 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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

TaoWeave Trading Up 2.6%

TWAV stock traded up $0.04 on Friday, hitting $1.57. The company had a trading volume of 85,282 shares, compared to its average volume of 55,126. TaoWeave has a 12-month low of $0.58 and a 12-month high of $3.21. The stock has a market cap of $6.09 million, a price-to-earnings ratio of -0.98 and a beta of 2.55. The stock’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.45.

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

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.