Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 355,800 shares, a decrease of 34.8% from the November 30th total of 546,000 shares. Currently, 6.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,150,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Tantech in a research report on Tuesday. They set a “sell” rating for the company.

Tantech Stock Performance

NASDAQ:TANH traded up $0.02 during trading hours on Friday, hitting $0.19. The company’s stock had a trading volume of 81,609,922 shares, compared to its average volume of 5,071,264. The stock has a fifty day moving average of $0.16 and a 200-day moving average of $0.29. Tantech has a 52-week low of $0.12 and a 52-week high of $1.62.

About Tantech

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.