Taoping Inc. (NASDAQ:TAOP) Short Interest Up 202.3% in August

Taoping Inc. (NASDAQ:TAOP) was the recipient 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 770,573 shares, the short-interest ratio is currently 0.1 days.

Taoping Stock Down 31.3%

Shares of NASDAQ TAOP traded down $0.35 during mid-day trading on Friday, hitting $0.77. The stock had a trading volume of 259,947 shares, compared to its average volume of 421,303. The business has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $1.27. Taoping has a 1 year low of $0.52 and a 1 year high of $3.99. The company has a quick ratio of 1.82, a current ratio of 1.87 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

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

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.