Short Interest in Tantech Holdings Ltd (NASDAQ:TANH) Declines By 26.1%

Tantech Holdings Ltd (NASDAQ:TANH) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 700,400 shares, a decline of 26.1% from the October 15th total of 948,100 shares. Approximately 12.9% of the shares of the company are short sold. Based on an average trading volume of 12,080,000 shares, the days-to-cover ratio is presently 0.1 days.

Tantech Price Performance

TANH remained flat at $0.16 on Friday. The company had a trading volume of 2,266,005 shares, compared to its average volume of 4,415,363. The business has a 50 day moving average of $0.17 and a two-hundred day moving average of $0.40. Tantech has a 1 year low of $0.12 and a 1 year high of $2.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Tantech in a research report on Thursday. They issued a “sell” rating on the 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.