Taoping Inc. (NASDAQ:TAOP) Sees Large Decrease in Short Interest

Taoping Inc. (NASDAQ:TAOP) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 33,800 shares, a decline of 24.6% from the August 15th total of 44,800 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 386,700 shares, the days-to-cover ratio is currently 0.1 days.

Taoping Price Performance

Taoping stock traded up $0.04 during trading hours on Friday, hitting $0.53. The company had a trading volume of 48,428 shares, compared to its average volume of 501,587. The company has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.82. Taoping has a 1 year low of $0.39 and a 1 year high of $2.71.

Taoping Company Profile

Taoping Inc provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through Cloud-Based Technology and Traditional Information Technology segments.