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

Taoping Inc. (NASDAQ:TAOP) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 28,632 shares, a decrease of 49.8% from the June 15th total of 57,002 shares. Based on an average daily volume of 12,437 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of 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 MarketBeat, the stock has an average rating of “Sell”.

Taoping Price Performance

NASDAQ:TAOP traded up $0.03 during trading hours on Wednesday, hitting $1.39. The company’s stock had a trading volume of 591 shares, compared to its average volume of 31,210. Taoping has a twelve month low of $1.18 and a twelve month high of $4.69. 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 stock has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $1.40.

Taoping (NASDAQ:TAOP) last issued its earnings results on Tuesday, May 5th. The company reported ($0.67) EPS for the quarter, topping the consensus estimate of ($12.00) by $11.33. The business had revenue of $5.66 million for the quarter, compared to analyst estimates of $24.00 million.

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.