Taoping Inc. (NASDAQ:TAOP) Short Interest Update

Taoping Inc. (NASDAQ:TAOP) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 370,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.2% of the company’s shares are sold short.

Taoping Stock Performance

NASDAQ TAOP remained flat at $0.33 on Thursday. 704,039 shares of the company’s stock traded hands, compared to its average volume of 480,307. Taoping has a 12-month low of $0.33 and a 12-month high of $2.01. The business’s 50-day moving average price is $0.50 and its 200-day moving average price is $0.60.

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.