Tantech Holdings Ltd (NASDAQ:TANH) Sees Large Growth in Short Interest

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 948,100 shares, a growth of 107.1% from the September 30th total of 457,800 shares. Approximately 17.5% of the shares of the stock are sold short. Based on an average daily volume of 11,720,000 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Tantech in a research report on Monday, October 21st. They set a “sell” rating on the stock.

Tantech Price Performance

Tantech stock traded down $0.01 during midday trading on Friday, hitting $0.17. The company’s stock had a trading volume of 3,880,869 shares, compared to its average volume of 4,442,969. Tantech has a 12 month low of $0.12 and a 12 month high of $3.28. The stock’s 50-day moving average price is $0.17 and its 200-day moving average price is $0.45.

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.