Taoping Inc. (NASDAQ:TAOP) Stock Short Interest Report for September

Taoping Inc. (NASDAQ:TAOP) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 43,748 shares, an increase of 138.7% from the September 15th total of 18,327 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 556,590 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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. According to MarketBeat, Taoping has a consensus rating of “Sell”.

Taoping Stock Down 1.9%

Shares of NASDAQ TAOP opened at $0.39 on Thursday. The firm has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $1.08. Taoping has a 52-week low of $0.37 and a 52-week high of $3.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.58 and a current ratio of 1.63.

Taoping (NASDAQ:TAOP) last announced its earnings results on Tuesday, September 29th. The company reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $5.94 million during the quarter.

Taoping Company Profile

Taoping Inc (NASDAQ: TAOP) is a technology company that develops and operates cloud-based digital media and smart-city solutions. Its business has focused on connecting digital content, advertising, data services and intelligent infrastructure through networked platforms and connected devices.

The company’s offerings have included digital advertising and information-display systems, cloud computing services, smart-community applications and related Internet of Things technologies. These solutions are designed to help businesses, property operators and public-sector organizations manage digital content, communications and connected services.

Taoping was formerly known as China Information Technology, Inc and adopted its current name as it expanded its focus toward digital media, cloud services and smart-city technology.