Short Interest in Taoping Inc. (NASDAQ:TAOP) Decreases By 59.4%

Taoping Inc. (NASDAQ:TAOP) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 11,200 shares, a drop of 59.4% from the September 15th total of 27,600 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 79,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 79,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.0% of the company’s stock are short sold.

Taoping Stock Performance

NASDAQ:TAOP opened at $2.20 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.38 and a quick ratio of 2.15. The stock’s 50 day simple moving average is $3.15 and its 200-day simple moving average is $4.88. Taoping has a 12-month low of $1.81 and a 12-month high of $24.75.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Taoping in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Taoping presently has an average rating of “Sell”.

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.