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

Taoping Inc. (NASDAQ:TAOP) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 41,000 shares, a decline of 27.7% from the October 15th total of 56,700 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 247,100 shares, the short-interest ratio is presently 0.2 days.

Taoping Trading Down 7.9 %

Shares of NASDAQ:TAOP traded down $0.03 during midday trading on Friday, reaching $0.36. The company had a trading volume of 313,194 shares, compared to its average volume of 488,951. The company has a fifty day simple moving average of $0.53 and a two-hundred day simple moving average of $0.64. Taoping has a 1-year low of $0.33 and a 1-year high of $2.01.

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.