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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Tantech in a report on Thursday, January 9th. They set a “sell” rating on the stock.

Tantech Trading Down 1.6 %

Shares of NASDAQ:TANH traded down $0.00 during trading on Tuesday, reaching $0.16. The company had a trading volume of 923,709 shares, compared to its average volume of 7,154,710. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $1.59. The stock’s fifty day moving average price is $0.16 and its 200 day moving average price is $0.24.

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.