Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 446,200 shares, a decrease of 53.1% from the August 31st total of 951,100 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average trading volume of 9,100,000 shares, the days-to-cover ratio is presently 0.0 days.
Tantech Trading Up 4.8 %
Shares of Tantech stock traded up $0.01 during trading on Friday, hitting $0.18. The stock had a trading volume of 12,361,729 shares, compared to its average volume of 4,017,083. Tantech has a 12 month low of $0.12 and a 12 month high of $3.94. The business’s 50-day moving average is $0.19 and its 200 day moving average is $0.52.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Tantech in a research note on Friday. They set a “sell” rating for the company.
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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