Taoping Inc. (NASDAQ:TAOP) Short Interest Down 49.8% in June

by · The Cerbat Gem

Taoping Inc. (NASDAQ:TAOP – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 28,632 shares, a decline of 49.8% from the June 15th total of 57,002 shares. Based on an average daily volume of 12,437 shares, the short-interest ratio is currently 2.3 days. Currently, 0.5% of the shares of the company are short sold.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on TAOP

Taoping Stock Performance

Shares of TAOP traded up $0.03 during mid-day trading on Wednesday, hitting $1.39. 591 shares of the company’s stock were exchanged, compared to its average volume of 31,210. The company has a quick ratio of 1.82, a current ratio of 1.87 and a debt-to-equity ratio of 0.30. Taoping has a 52 week low of $1.18 and a 52 week high of $4.69. The stock’s 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.40.

Taoping (NASDAQ:TAOP – Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $24.00 million.

About Taoping

(Get Free Report)

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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