Taoping Inc. (NASDAQ:TAOP) Stock Short Interest Report for September

Taoping Inc. (NASDAQ:TAOP) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 43,748 shares, a growth of 138.7% from the September 15th total of 18,327 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 556,590 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Taoping Price Performance

TAOP traded down $0.03 on Wednesday, reaching $0.37. The company had a trading volume of 3,626 shares, compared to its average volume of 106,560. The company has a fifty day moving average of $0.70 and a 200-day moving average of $1.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.58 and a current ratio of 1.63. Taoping has a one year low of $0.37 and a one year high of $3.13.

Taoping (NASDAQ:TAOP) last released its quarterly earnings results on Tuesday, September 29th. The company reported ($0.50) EPS for the quarter. The business had revenue of $5.94 million for the quarter.

About Taoping

Taoping Inc (NASDAQ: TAOP) is a technology company that develops and operates cloud-based digital media and smart-city solutions. Its business has focused on connecting digital content, advertising, data services and intelligent infrastructure through networked platforms and connected devices.

The company’s offerings have included digital advertising and information-display systems, cloud computing services, smart-community applications and related Internet of Things technologies. These solutions are designed to help businesses, property operators and public-sector organizations manage digital content, communications and connected services.

Taoping was formerly known as China Information Technology, Inc and adopted its current name as it expanded its focus toward digital media, cloud services and smart-city technology.