Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,680,000 shares, an increase of 653.2% from the December 31st total of 355,800 shares. Based on an average daily trading volume, of 8,130,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 45.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Tantech in a research note on Saturday. They set a “sell” rating for the company.

Tantech Price Performance

NASDAQ:TANH traded down $0.00 on Tuesday, reaching $0.16. The stock had a trading volume of 657,861 shares, compared to its average volume of 4,840,856. The stock has a fifty day moving average price of $0.17 and a 200-day moving average price of $0.20. Tantech has a 1-year low of $0.12 and a 1-year 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.