Taoping Inc. (NASDAQ:TAOP) Short Interest Update

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

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, Taoping presently has a consensus rating of “Sell”.

Taoping Price Performance

TAOP traded down $0.35 on Friday, hitting $0.77. 259,947 shares of the stock were exchanged, compared to its average volume of 84,106. The business has a 50-day moving average of $1.10 and a two-hundred day moving average of $1.27. The company has a current ratio of 1.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.30. Taoping has a 12 month low of $0.52 and a 12 month high of $3.99.

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. 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.