Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 291,000 shares, a drop of 77.6% from the January 15th total of 1,300,000 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average trading volume of 7,690,000 shares, the days-to-cover ratio is presently 0.0 days.

Tantech Price Performance

NASDAQ:TANH traded up $0.58 during mid-day trading on Thursday, reaching $3.93. 522,567 shares of the company’s stock were exchanged, compared to its average volume of 124,709. Tantech has a one year low of $3.02 and a one year high of $63.60. The business’s fifty day simple moving average is $0.16 and its two-hundred day simple moving average is $0.16.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Tantech in a research report on Monday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC bought a new stake in Tantech Holdings Ltd (NASDAQ:TANH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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.

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.