Tantech Holdings Ltd (NASDAQ:TANH) Sees Large Decrease in Short Interest

Posted by Oscar Bower on Dec 15th, 2024

Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 546,000 shares, a drop of 41.9% from the November 15th total of 939,500 shares. Currently, 9.2% of the company’s stock are sold short. Based on an average daily volume of 9,710,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Tantech in a research report on Sunday, December 8th. They issued a “sell” rating for the company.

Read Our Latest Stock Analysis on TANH

Tantech Price Performance

Shares of TANH remained flat at $0.15 during mid-day trading on Friday. 1,759,079 shares of the stock were exchanged, compared to its average volume of 4,544,660. The firm has a 50-day moving average of $0.16 and a two-hundred day moving average of $0.33. Tantech has a 12 month low of $0.12 and a 12 month high of $2.10.

Tantech Company Profile

(Get Free Report)

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.