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

Taoping Inc. (NASDAQ:TAOP) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 79,660 shares, a growth of 202.3% from the July 30th total of 26,352 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 770,573 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Taoping Stock Performance

Shares of Taoping stock traded up $0.16 on Thursday, hitting $1.12. The company’s stock had a trading volume of 105,997 shares, compared to its average volume of 448,234. The firm has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.27. Taoping has a 52-week low of $0.52 and a 52-week high of $3.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.87 and a quick ratio of 1.82.

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.