Short Interest in Tantech Holdings Ltd (NASDAQ:TANH) Decreases By 34.8%

Tantech Holdings Ltd (NASDAQ:TANH) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 355,800 shares, a decrease of 34.8% from the November 30th total of 546,000 shares. Based on an average daily volume of 7,150,000 shares, the short-interest ratio is currently 0.0 days. Currently, 6.0% of the company’s shares are short sold.

Tantech Price Performance

Shares of Tantech stock traded up $0.02 on Friday, reaching $0.19. The company had a trading volume of 81,609,922 shares, compared to its average volume of 5,071,264. The firm’s 50 day moving average price is $0.16 and its two-hundred day moving average price is $0.28. Tantech has a 52-week low of $0.12 and a 52-week high of $1.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Tantech in a research report on Tuesday, December 24th. They set 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.