Short Interest in Taoping Inc. (NASDAQ:TAOP) Increases By 174.1%

Taoping Inc. (NASDAQ:TAOP) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 30,700 shares, a growth of 174.1% from the September 30th total of 11,200 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average trading volume of 145,300 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 145,300 shares, the short-interest ratio is presently 0.2 days. Approximately 5.4% of the shares of the stock are sold short.

Taoping Trading Down 2.8%

NASDAQ TAOP opened at $2.40 on Friday. The business’s 50-day moving average price is $2.99 and its two-hundred day moving average price is $4.68. The company has a current ratio of 2.38, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. Taoping has a 12 month low of $1.81 and a 12 month high of $24.75.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Taoping in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.