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

Taoping Inc. (NASDAQ:TAOP) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 76,300 shares, an increase of 125.7% from the August 31st total of 33,800 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 149,200 shares, the days-to-cover ratio is presently 0.5 days.

Taoping Trading Up 18.5 %

TAOP stock traded up $0.12 during trading hours on Friday, hitting $0.78. 276,900 shares of the stock traded hands, compared to its average volume of 481,209. The stock has a 50-day simple moving average of $0.57 and a 200 day simple moving average of $0.78. Taoping has a one year low of $0.39 and a one year high of $2.65.

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.