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

Taoping Inc. (NASDAQ:TAOP) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 102,500 shares, an increase of 43.0% from the May 31st total of 71,700 shares. Based on an average trading volume of 714,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.6% of the company’s shares are short sold.

Taoping Stock Up 4.7 %

Shares of NASDAQ:TAOP traded up $0.03 during trading on Monday, reaching $0.73. 12,679 shares of the stock were exchanged, compared to its average volume of 642,667. Taoping has a 12-month low of $0.68 and a 12-month high of $10.20. The firm’s 50-day moving average price is $0.82 and its 200 day moving average price is $1.06.

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.