Taoping Inc. (NASDAQ:TAOP) Short Interest Update

Taoping Inc. (NASDAQ:TAOP) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 17,113 shares, a drop of 78.5% from the August 15th total of 79,660 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 70,989 shares, the days-to-cover ratio is presently 0.2 days.

Taoping Price Performance

Shares of TAOP stock traded up $0.03 during trading hours on Friday, hitting $0.77. 4,907 shares of the company were exchanged, compared to its average volume of 54,485. The company has a current ratio of 1.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $1.23. Taoping has a 52-week low of $0.52 and a 52-week high of $3.57.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Taoping in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Taoping has an average rating of “Sell”.

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. 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.