Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 799,400 shares, a growth of 196.3% from the September 30th total of 269,800 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily volume of 528,000 shares, the short-interest ratio is currently 1.5 days.
NASDAQ TANH opened at $2.80 on Thursday. The stock’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $1.63. Tantech has a one year low of $0.81 and a one year high of $2.99.
Separately, ValuEngine raised shares of Tantech from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd.
Tantech Holdings Ltd. 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, Trading, and Electric Vehicle.
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