Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,300,000 shares, a decline of 51.5% from the December 31st total of 2,680,000 shares. Based on an average daily volume of 7,970,000 shares, the short-interest ratio is currently 0.2 days. Currently, 22.0% of the shares of the company are short sold.
Tantech Stock Down 1.0 %
NASDAQ:TANH traded down $0.00 during mid-day trading on Thursday, reaching $0.15. 823,226 shares of the company were exchanged, compared to its average volume of 4,607,595. Tantech has a 12 month low of $0.12 and a 12 month high of $1.59. The company has a fifty day moving average of $0.17 and a 200 day moving average of $0.19.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Tantech in a report on Saturday, January 25th. 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.
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