Taoping Inc. (NASDAQ:TAOP) Short Interest Update

Taoping Inc. (NASDAQ:TAOP) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 41,000 shares, a drop of 27.7% from the October 15th total of 56,700 shares. Based on an average daily trading volume, of 247,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the shares of the company are sold short.

Taoping Stock Down 7.9 %

Shares of TAOP stock traded down $0.03 during trading hours on Friday, reaching $0.36. 313,194 shares of the company’s stock were exchanged, compared to its average volume of 488,951. Taoping has a fifty-two week low of $0.33 and a fifty-two week high of $2.01. The business has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.64.

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.