Short Interest in Taoping Inc. (NASDAQ:TAOP) Expands By 141.0%

Taoping Inc. (NASDAQ:TAOP) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 147,500 shares, a growth of 141.0% from the March 31st total of 61,200 shares. Approximately 14.6% of the company’s shares are short sold. Based on an average daily trading volume, of 474,000 shares, the short-interest ratio is presently 0.3 days.

Taoping Stock Down 5.8 %

Shares of NASDAQ:TAOP traded down $0.06 during trading hours on Friday, hitting $0.98. 158,979 shares of the company’s stock traded hands, compared to its average volume of 233,397. The business has a fifty day moving average price of $1.14 and a 200-day moving average price of $1.35. Taoping has a 1 year low of $0.75 and a 1 year high of $10.20.

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.