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

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 939,500 shares, a growth of 34.1% from the October 31st total of 700,400 shares. Currently, 15.9% of the shares of the company are short sold. Based on an average trading volume of 11,570,000 shares, the short-interest ratio is presently 0.1 days.

Tantech Stock Performance

Shares of NASDAQ TANH remained flat at $0.15 during midday trading on Friday. 1,649,574 shares of the stock were exchanged, compared to its average volume of 4,313,144. Tantech has a 52 week low of $0.12 and a 52 week high of $2.47. The stock’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.37.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Tantech in a research report on Saturday. They issued a “sell” rating for the company.

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.