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

Taoping Inc. (NASDAQ:TAOP) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 127,200 shares, a growth of 210.2% from the October 31st total of 41,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 370,800 shares, the days-to-cover ratio is presently 0.3 days.

Taoping Stock Performance

Shares of Taoping stock remained flat at $0.33 during trading on Thursday. 704,039 shares of the stock traded hands, compared to its average volume of 480,307. The company has a 50 day moving average of $0.50 and a two-hundred day moving average of $0.60. Taoping has a fifty-two week low of $0.33 and a fifty-two week high of $2.01.

About Taoping

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.