Short Interest in Taoping Inc. (NASDAQ:TAOP) Declines By 24.3%

Taoping Inc. (NASDAQ:TAOP) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 83,700 shares, a drop of 24.3% from the December 15th total of 110,500 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.1% of the shares of the stock are sold short.

Taoping Stock Down 0.3 %

NASDAQ TAOP traded down $0.00 on Friday, hitting $0.31. 292,213 shares of the company’s stock were exchanged, compared to its average volume of 3,264,363. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.51. Taoping has a 52 week low of $0.29 and a 52 week high of $1.98.

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.