Taoping Inc. (NASDAQ:TAOP) Short Interest Update

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

Taoping Stock Performance

NASDAQ:TAOP opened at $1.33 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.87 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $1.55. Taoping has a 12-month low of $1.18 and a 12-month high of $7.98.

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

Analyst Ratings Changes

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