Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 948,100 shares, a growth of 107.1% from the September 30th total of 457,800 shares. Based on an average daily volume of 11,720,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 17.5% of the shares of the stock are sold short.
Tantech Stock Performance
TANH remained flat at $0.17 during trading on Monday. The company’s stock had a trading volume of 2,977,567 shares, compared to its average volume of 4,436,775. The company’s 50 day moving average price is $0.17 and its 200 day moving average price is $0.45. Tantech has a 52-week low of $0.12 and a 52-week high of $3.28.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Tantech in a report on Monday, October 21st. 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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