Short Interest in Taoping Inc. (NASDAQ:TAOP) Rises By 34.4%

Taoping Inc. (NASDAQ:TAOP) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 56,700 shares, an increase of 34.4% from the September 30th total of 42,200 shares. Based on an average daily trading volume, of 179,300 shares, the short-interest ratio is currently 0.3 days. Approximately 1.4% of the shares of the company are short sold.

Taoping Price Performance

Shares of Taoping stock remained flat at $0.46 during trading hours on Tuesday. The stock had a trading volume of 365,501 shares, compared to its average volume of 454,636. Taoping has a 52-week low of $0.39 and a 52-week high of $2.28. The business has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.69.

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.