Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 951,100 shares, a growth of 83.2% from the August 15th total of 519,300 shares. Based on an average daily volume of 8,360,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.6% of the company’s stock are short sold.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Tantech in a report on Wednesday. They set a “sell” rating for the company.
Read Our Latest Stock Report on TANH
Tantech Stock Performance
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.
Further Reading
- Five stocks we like better than Tantech
- Why Are Stock Sectors Important to Successful Investing?
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- What Do S&P 500 Stocks Tell Investors About the Market?
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for Tantech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tantech and related companies with MarketBeat.com's FREE daily email newsletter.