Short Interest in Taoping Inc. (NASDAQ:TAOP) Decreases By 78.5%
by Doug Wharley · The Cerbat GemTaoping Inc. (NASDAQ:TAOP – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 17,113 shares, a decrease of 78.5% from the August 15th total of 79,660 shares. Based on an average trading volume of 70,989 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Taoping in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Taoping currently has an average rating of “Sell”.
Check Out Our Latest Analysis on Taoping
Taoping Stock Up 4.2%
Taoping stock traded up $0.03 during trading hours on Friday, reaching $0.77. The stock had a trading volume of 4,907 shares, compared to its average volume of 54,485. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.82 and a current ratio of 1.87. The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $1.23. Taoping has a 52 week low of $0.52 and a 52 week high of $3.57.
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.