Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 17,400 shares, a decline of 94.0% from the January 31st total of 291,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 258,800 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Tantech in a research note on Tuesday, February 18th. They set a “sell” rating for the company.

Tantech Price Performance

TANH traded up $0.11 during trading on Friday, hitting $2.91. 82,751 shares of the company’s stock were exchanged, compared to its average volume of 220,358. Tantech has a 1 year low of $2.62 and a 1 year high of $63.60. The stock has a 50 day moving average price of $5.79 and a 200 day moving average price of $6.20.

Institutional Investors Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC acquired a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned 4.38% of Tantech as of its most recent SEC filing. Institutional investors own 6.02% of the company’s stock.

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.