Taboola.com Ltd. (NASDAQ:TBLAW) Sees Significant Growth in Short Interest

Taboola.com Ltd. (NASDAQ:TBLAW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 11,100 shares, an increase of 56.3% from the May 31st total of 7,100 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 2.4 days.

Taboola.com Stock Performance

TBLAW traded down $0.02 during trading on Friday, reaching $0.15. 2,717 shares of the company’s stock were exchanged, compared to its average volume of 8,112. Taboola.com has a 1 year low of $0.14 and a 1 year high of $0.67. The company’s fifty day simple moving average is $0.27 and its 200-day simple moving average is $0.36.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.