Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Down 26.1% in October

Tantech Holdings Ltd (NASDAQ:TANH) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 700,400 shares, a drop of 26.1% from the October 15th total of 948,100 shares. Currently, 12.9% of the company’s stock are short sold. Based on an average daily volume of 12,080,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Tantech Stock Performance

TANH remained flat at $0.16 during trading on Friday. The company’s stock had a trading volume of 2,266,005 shares, compared to its average volume of 4,415,363. The firm has a 50-day moving average of $0.17 and a two-hundred day moving average of $0.40. Tantech has a 12 month low of $0.12 and a 12 month high of $2.89.

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.