Tantech Holdings Ltd (NASDAQ:TANH) Sees Significant Decline in Short Interest

Tantech Holdings Ltd (NASDAQ:TANH) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 546,000 shares, a decline of 41.9% from the November 15th total of 939,500 shares. Based on an average trading volume of 9,710,000 shares, the short-interest ratio is presently 0.1 days. Currently, 9.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Tantech in a report on Sunday. They issued a “sell” rating on the stock.

Tantech Price Performance

Shares of NASDAQ:TANH opened at $0.16 on Thursday. Tantech has a 12-month low of $0.12 and a 12-month high of $2.10. The business has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.34.

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.