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

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

Tantech Price Performance

TANH traded down $0.02 during trading on Wednesday, reaching $0.15. The stock had a trading volume of 3,890,160 shares, compared to its average volume of 4,817,620. The stock’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.19. Tantech has a one year low of $0.12 and a one year high of $1.59.

Wall Street Analyst Weigh In

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

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.