Taoping Inc. (NASDAQ:TAOP) Sees Large Drop in Short Interest

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

Taoping Stock Performance

Shares of Taoping stock traded up $0.01 on Wednesday, hitting $0.31. 30,856,106 shares of the company traded hands, compared to its average volume of 3,781,150. Taoping has a 12-month low of $0.29 and a 12-month high of $1.98. The firm’s 50-day simple moving average is $0.37 and its 200 day simple moving average is $0.51.

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.