Short Interest in Tantech Holdings Ltd (NASDAQ:TANH) Drops By 55.7%

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 63,500 shares, a decline of 55.7% from the February 28th total of 143,200 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average trading volume of 208,800 shares, the short-interest ratio is presently 0.3 days.

Tantech Stock Down 10.0 %

Shares of NASDAQ:TANH opened at $2.06 on Friday. The business has a 50-day moving average of $3.90 and a two-hundred day moving average of $5.76. Tantech has a fifty-two week low of $2.06 and a fifty-two week high of $63.60.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Tantech in a report on Tuesday, February 18th. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC purchased a new stake in Tantech Holdings Ltd (NASDAQ:TANH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned 4.38% of Tantech as of its most recent SEC filing. Institutional investors and hedge funds own 6.02% of the company’s stock.

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.