Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,300,000 shares, a drop of 51.5% from the December 31st total of 2,680,000 shares. Based on an average daily volume of 7,970,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 22.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Tantech in a research report on Saturday, January 25th. They issued a “sell” rating on the stock.

Tantech Price Performance

Shares of NASDAQ:TANH traded down $0.00 during mid-day trading on Thursday, reaching $0.15. 823,226 shares of the company’s stock were exchanged, compared to its average volume of 4,607,595. The business’s fifty day moving average price is $0.17 and its 200-day moving average price is $0.19. Tantech has a twelve month low of $0.12 and a twelve month high of $1.59.

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.