Taoping Inc. (NASDAQ:TAOP) Sees Significant Drop in Short Interest

Taoping Inc. (NASDAQ:TAOP) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 28,511 shares, a drop of 37.0% from the April 30th total of 45,278 shares. Based on an average trading volume of 6,850 shares, the days-to-cover ratio is currently 4.2 days. Approximately 0.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Taoping has a consensus rating of “Sell”.

Taoping Stock Up 1.9%

Shares of NASDAQ TAOP opened at $1.30 on Thursday. The firm has a 50 day moving average price of $1.31 and a two-hundred day moving average price of $1.54. Taoping has a 52-week low of $1.18 and a 52-week high of $7.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.82 and a current ratio of 1.87.

Taoping (NASDAQ:TAOP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($12.00) by $11.33. The business had revenue of $5.66 million for the quarter, compared to analyst estimates of $24.00 million.

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. The company offers cloud-based software as a service to automate the interactive workflows between advertising agencies and their customers, including establishing new advertising projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data.