Short Interest in Taoping Inc. (NASDAQ:TAOP) Drops By 53.2%

Taoping Inc. (NASDAQ:TAOP) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 58,200 shares, a decline of 53.2% from the February 28th total of 124,300 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 3,290,000 shares, the days-to-cover ratio is presently 0.0 days.

Taoping Stock Performance

Shares of NASDAQ:TAOP opened at $0.25 on Friday. Taoping has a 52 week low of $0.23 and a 52 week high of $1.19. The firm has a 50 day simple moving average of $0.29 and a 200 day simple moving average of $0.39.

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.