Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Up 107.1% in October

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a significant growth in short interest during 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. Based on an average trading volume of 11,720,000 shares, the short-interest ratio is currently 0.1 days. Currently, 17.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Tantech Stock Performance

TANH stock traded down $0.01 during mid-day trading on Friday, reaching $0.17. The company had a trading volume of 3,880,869 shares, compared to its average volume of 4,442,969. The stock’s 50-day simple moving average is $0.17 and its two-hundred day simple moving average is $0.45. Tantech has a one year low of $0.12 and a one year high of $3.28.

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.