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

Taoping Inc. (NASDAQ:TAOP) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 76,300 shares, a growth of 125.7% from the August 31st total of 33,800 shares. Based on an average daily volume of 149,200 shares, the short-interest ratio is currently 0.5 days. Approximately 1.9% of the company’s stock are short sold.

Taoping Stock Performance

TAOP stock traded up $0.12 during trading hours on Friday, hitting $0.78. The company’s stock had a trading volume of 276,900 shares, compared to its average volume of 481,209. Taoping has a 12 month low of $0.39 and a 12 month high of $2.65. The stock has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.78.

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.