Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Up 653.2% in December

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,680,000 shares, a growth of 653.2% from the December 15th total of 355,800 shares. Currently, 45.3% of the company’s stock are short sold. Based on an average daily trading volume, of 8,130,000 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Tantech in a research report on Thursday, January 9th. They set a “sell” rating on the stock.

Tantech Stock Down 1.6 %

Shares of NASDAQ:TANH traded down $0.00 during trading on Tuesday, hitting $0.16. 923,709 shares of the company were exchanged, compared to its average volume of 7,154,710. The firm’s 50 day moving average price is $0.16 and its 200-day moving average price is $0.24. Tantech has a 12-month low of $0.12 and a 12-month high of $1.59.

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.