Short Interest in Taoping Inc. (NASDAQ:TAOP) Expands By 26.8%

Taoping Inc. (NASDAQ:TAOP) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 124,300 shares, a growth of 26.8% from the February 13th total of 98,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 3,630,000 shares, the days-to-cover ratio is currently 0.0 days.

Taoping Price Performance

Shares of TAOP opened at $0.30 on Monday. The company’s 50 day simple moving average is $0.31 and its 200 day simple moving average is $0.41. Taoping has a 1 year low of $0.23 and a 1 year high of $1.19.

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.