Taoping Inc. (NASDAQ:TAOP – Get Rating) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 15,500 shares, a growth of 318.9% from the April 30th total of 3,700 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of Taoping
An institutional investor recently bought a new position in Taoping stock. Virtu Financial LLC purchased a new stake in Taoping Inc. (NASDAQ:TAOP – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,751 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.27% of Taoping at the end of the most recent reporting period. Institutional investors and hedge funds own 0.54% of the company’s stock.
Taoping Price Performance
Shares of TAOP stock traded up $0.02 on Friday, hitting $0.68. The stock had a trading volume of 21,193 shares, compared to its average volume of 36,193. The stock’s 50 day moving average is $0.66 and its 200-day moving average is $0.70. Taoping has a 52-week low of $0.55 and a 52-week high of $1.75.
Taoping, Inc operates as block chain technology and smart cloud services provider. It operates through the following segments: Cloud-based Technology, Blockchain Technology, Traditional Information Technology. The CBT segment includes the company’s cloud based products and data storage related services sold to private sectors.
- Get a free copy of the StockNews.com research report on Taoping (TAOP)
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