Short Interest in Taoping Inc. (NASDAQ:TAOP) Expands By 141.0%

Taoping Inc. (NASDAQ:TAOP) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 147,500 shares, a growth of 141.0% from the March 31st total of 61,200 shares. Currently, 14.6% of the company’s stock are short sold. Based on an average trading volume of 474,000 shares, the days-to-cover ratio is currently 0.3 days.

Taoping Stock Performance

TAOP stock traded down $0.06 during midday trading on Friday, hitting $0.98. The company’s stock had a trading volume of 158,979 shares, compared to its average volume of 233,397. Taoping has a 12 month low of $0.75 and a 12 month high of $10.20. The firm’s 50-day moving average is $1.14 and its 200-day moving average is $1.35.

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.