Will Taoping Inc – Ordinary Shares (NASDAQ:TAOP) Run Out of Steam Soon? Short Interest is Up

September 30, 2018 - By Vernon Prom

The stock of Taoping Inc – Ordinary Shares (NASDAQ:TAOP) registered an increase of 2.35% in short interest. TAOP’s total short interest was 599,800 shares in September as published by FINRA. Its up 2.35% from 586,000 shares, reported previously. With 32,800 shares average volume, it will take short sellers 18 days to cover their TAOP’s short positions. The short interest to Taoping Inc – Ordinary Shares’s float is 2.58%.

It closed at $1.27 lastly. It is down 9.60% since September 30, 2017 and is uptrending. It has underperformed by 6.02% the S&P500.

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 industries primarily in the People's Republic of China. The company has market cap of $51.77 million. The firm operates in two divisions, Cloud Technology and Traditional Information Technology. It has a 18.14 P/E ratio. It offers cloud software as a service to automate the interactive workflow between advertising agencies and their customers, including establishing new projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data.

More news for Taoping Inc. (NASDAQ:TAOP) were recently published by: Globenewswire.com, which released: “TAOP Enters Into a $3 Million Private Placement Transaction” on September 11, 2018. Globenewswire.com‘s article titled: “TAOP Receives $1 Million Cloud-based Ad Terminal Order for Hainan Province” and published on September 13, 2018 is yet another important article.

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