Taoping Inc. (NASDAQ:TAOP) Short Interest Down 49.8% in June

Taoping Inc. (NASDAQ:TAOP) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 28,632 shares, a drop of 49.8% from the June 15th total of 57,002 shares. Based on an average daily volume of 12,437 shares, the short-interest ratio is currently 2.3 days. Approximately 0.5% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Taoping from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Taoping Stock Performance

Shares of TAOP traded down $0.11 during mid-day trading on Thursday, reaching $1.27. The company’s stock had a trading volume of 15,760 shares, compared to its average volume of 31,095. The company has a current ratio of 1.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.30. Taoping has a 52 week low of $1.18 and a 52 week high of $4.69. The company’s fifty day moving average price is $1.39 and its two-hundred day moving average price is $1.39.

Taoping (NASDAQ:TAOP) last released its earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, beating the consensus estimate of ($12.00) by $11.33. The business had revenue of $5.66 million for the quarter, compared to the consensus estimate of $24.00 million.

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. The company offers cloud-based software as a service to automate the interactive workflows between advertising agencies and their customers, including establishing new advertising projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data.