Taoping Inc. (NASDAQ:TAOP) Short Interest Update

Taoping Inc. (NASDAQ:TAOP – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 28,511 shares, a drop of 37.0% from the April 30th total of 45,278 shares. Based on an average trading volume of 6,850 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

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Taoping Trading Down 3.4%

Shares of TAOP opened at $1.33 on Wednesday. The stock has a 50-day simple moving average of $1.32 and a 200-day simple moving average of $1.55. 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 1 year low of $1.18 and a 1 year high of $7.98.

Taoping (NASDAQ:TAOP – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.67) earnings per share (EPS) for the quarter, beating the consensus estimate of ($12.00) by $11.33. The company had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $24.00 million.

About Taoping

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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.

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