Short Interest in Taoping Inc. (NASDAQ:TAOP) Drops By 53.2%

Taoping Inc. (NASDAQ:TAOP) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 58,200 shares, a decline of 53.2% from the February 28th total of 124,300 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 3,290,000 shares, the days-to-cover ratio is presently 0.0 days.

Taoping Stock Performance

Shares of TAOP opened at $0.25 on Friday. Taoping has a 12 month low of $0.23 and a 12 month high of $1.19. The stock has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.39.

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.