Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Tantech in a research report on Tuesday. They set a “sell” rating for the company.

Tantech Trading Up 13.5 %

TANH stock traded up $0.02 during trading on Friday, hitting $0.19. The stock had a trading volume of 81,609,922 shares, compared to its average volume of 5,071,264. The company’s 50 day moving average price is $0.16 and its two-hundred day moving average price is $0.29. Tantech has a 1-year low of $0.12 and a 1-year high of $1.62.

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.