Short Interest in Taoping Inc. (NASDAQ:TAOP) Decreases By 78.5%

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

Taoping Price Performance

Taoping stock opened at $0.74 on Friday. The business has a 50-day simple moving average of $0.97 and a two-hundred day simple moving average of $1.23. Taoping has a 52-week low of $0.52 and a 52-week high of $3.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.82 and a current ratio of 1.87.

Analyst Ratings Changes

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