Taoping Inc. (NASDAQ:TAOP) Sees Significant Growth in Short Interest

Taoping Inc. (NASDAQ:TAOP) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 124,300 shares, an increase of 26.8% from the February 13th total of 98,000 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 3,630,000 shares, the days-to-cover ratio is currently 0.0 days.

Taoping Stock Performance

Shares of NASDAQ TAOP opened at $0.29 on Wednesday. Taoping has a 52-week low of $0.23 and a 52-week high of $1.19. The firm has a 50 day moving average price of $0.30 and a two-hundred day moving average price of $0.40.

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.