Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

by · The Markets Daily

Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,680,000 shares, an increase of 653.2% from the December 15th total of 355,800 shares. Based on an average daily volume of 8,130,000 shares, the short-interest ratio is presently 0.3 days. Currently, 45.3% of the company’s stock are sold short.

Tantech Stock Down 1.2 %

NASDAQ:TANH traded down $0.00 during trading hours on Monday, hitting $0.16. 3,353,496 shares of the company were exchanged, compared to its average volume of 8,030,464. Tantech has a 52-week low of $0.12 and a 52-week high of $1.59. The company’s 50 day moving average price is $0.16 and its 200-day moving average price is $0.24.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Tantech in a report on Thursday. They issued a “sell” rating for the company.

Read Our Latest Analysis on Tantech

About Tantech

(Get Free Report)

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in three segments: Consumer Products, Electric Vehicles, and Biodegradable Packaging.

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