Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,680,000 shares, a growth of 653.2% from the December 31st total of 355,800 shares. Approximately 45.3% of the company’s shares are sold short. Based on an average trading volume of 8,130,000 shares, the short-interest ratio is presently 0.3 days.
Tantech Stock Down 2.3 %
Tantech stock traded down $0.00 during midday trading on Tuesday, hitting $0.16. 657,861 shares of the stock were exchanged, compared to its average volume of 4,840,856. Tantech has a 52 week low of $0.12 and a 52 week high of $1.59. The company has a fifty day simple moving average of $0.17 and a two-hundred day simple moving average of $0.20.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Tantech in a report on Saturday. They issued a “sell” rating for the company.
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.
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