Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 603,200 shares, a decline of 35.6% from the May 31st total of 936,200 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is currently 0.3 days.
Tantech Stock Down 0.0 %
NASDAQ TANH traded down $0.00 during midday trading on Friday, hitting $0.80. 1,184,586 shares of the company traded hands, compared to its average volume of 1,184,422. The company’s 50-day simple moving average is $0.69 and its 200-day simple moving average is $0.79. Tantech has a 52 week low of $0.52 and a 52 week high of $3.94.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Tantech in a research report on Saturday, June 22nd. They set 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.
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