Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 700,400 shares, a decline of 26.1% from the October 15th total of 948,100 shares. Based on an average daily trading volume, of 12,080,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 12.9% of the company’s stock are sold short.
Tantech Stock Performance
TANH stock remained flat at $0.16 during trading on Friday. The company had a trading volume of 2,266,005 shares, compared to its average volume of 4,415,363. The business’s fifty day moving average price is $0.17 and its 200-day moving average price is $0.40. Tantech has a 12 month low of $0.12 and a 12 month high of $2.89.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Tantech in a research note on Thursday. They issued a “sell” rating for the company.
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.
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