Tantech (TANH) Sees Unusually-High Trading Volume

Shares of Tantech Holdings Ltd (NASDAQ:TANH) saw strong trading volume on Tuesday . 965,466 shares changed hands during mid-day trading, an increase of 289% from the previous session’s volume of 248,025 shares.The stock last traded at $1.68 and had previously closed at $1.60.

An institutional investor recently bought a new position in Tantech stock. Renaissance Technologies LLC acquired a new position in Tantech Holdings Ltd (NASDAQ:TANH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 675,100 shares of the basic materials company’s stock, valued at approximately $1,890,000. Renaissance Technologies LLC owned about 2.35% of Tantech at the end of the most recent reporting period. 2.29% of the stock is currently owned by institutional investors and hedge funds.

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Tantech Company Profile (NASDAQ:TANH)

Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Electric Vehicle. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.

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