Taoping Inc. (NASDAQ:TAOP) Sees Significant Increase in Short Interest

Taoping Inc. (NASDAQ:TAOP) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 61,200 shares, a growth of 21.2% from the March 15th total of 50,500 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average daily volume of 454,700 shares, the days-to-cover ratio is currently 0.1 days.

Taoping Stock Down 3.6 %

NASDAQ:TAOP opened at $1.06 on Monday. The company has a 50 day moving average price of $1.19 and a 200-day moving average price of $1.43. Taoping has a 1-year low of $0.80 and a 1-year high of $10.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taoping stock. Virtu Financial LLC bought a new stake in shares of Taoping Inc. (NASDAQ:TAOP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,751 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.27% of Taoping as of its most recent SEC filing. 3.99% of the stock is owned by institutional investors and hedge funds.

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.