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

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

Taoping Trading Down 5.7 %

Taoping stock opened at $0.25 on Friday. Taoping has a 52 week low of $0.23 and a 52 week high of $1.19. The business’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $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.