Short Interest in Taoping Inc. (NASDAQ:TAOP) Expands By 210.2%

Taoping Inc. (NASDAQ:TAOP) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 127,200 shares, a growth of 210.2% from the October 31st total of 41,000 shares. Based on an average daily volume of 370,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.2% of the company’s stock are short sold.

Taoping Trading Up 4.5 %

Shares of NASDAQ:TAOP traded up $0.01 during mid-day trading on Wednesday, reaching $0.34. The company had a trading volume of 532,394 shares, compared to its average volume of 479,542. Taoping has a one year low of $0.33 and a one year high of $2.01. The company’s 50-day moving average price is $0.51 and its 200-day moving average price is $0.60.

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.