Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Down 34.8% in December

Tantech Holdings Ltd (NASDAQ:TANH) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 355,800 shares, a drop 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 trading volume of 7,150,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Tantech in a report on Tuesday, December 24th. They issued a “sell” rating for the company.

Tantech Stock Performance

Shares of NASDAQ:TANH traded up $0.02 during trading 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. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $1.62. The business has a 50 day moving average price of $0.16 and a two-hundred day moving average price of $0.28.

Tantech Company Profile

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.