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

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

Taoping Stock Performance

Shares of NASDAQ TAOP traded up $0.03 during mid-day trading on Monday, reaching $0.73. 12,679 shares of the company were exchanged, compared to its average volume of 642,667. The company’s 50 day moving average price is $0.82 and its 200 day moving average price is $1.06. Taoping has a 52 week low of $0.68 and a 52 week high of $10.20.

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.