Taoping Inc. (NASDAQ:TAOP) Short Interest Update

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

Taoping Trading Down 7.9 %

NASDAQ:TAOP traded down $0.03 on Friday, hitting $0.36. 313,194 shares of the company’s stock traded hands, compared to its average volume of 488,951. Taoping has a 1 year low of $0.33 and a 1 year high of $2.01. The firm has a 50-day moving average price of $0.53 and a 200-day moving average price of $0.64.

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.