Tantech Holdings Ltd. (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd. (NASDAQ:TANH) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 86,268 shares, a decline of 89.3% from the August 31st total of 802,659 shares. Currently, 13.4% of the company’s stock are short sold. Based on an average daily volume of 289,578 shares, the days-to-cover ratio is presently 0.3 days.

Tantech Stock Performance

TANH stock opened at $14.50 on Friday. Tantech has a 1-year low of $10.06 and a 1-year high of $98.00. The business has a fifty day moving average price of $19.17 and a 200-day moving average price of $22.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Tantech from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Tantech

Tantech Holdings Ltd. is a China-based manufacturer and distributor of bamboo charcoal and related products. The company’s product portfolio has included household charcoal products, such as air-purifying and deodorizing bags, as well as barbecue charcoal, activated carbon, and other charcoal-based consumer goods.

Tantech has also operated in industrial energy products, including bamboo-charcoal briquettes and other charcoal-based fuels used for heating and energy applications. Its business has historically focused on using bamboo as a raw material, reflecting the company’s origins in Zhejiang Province, a major bamboo-producing region of China.

The company has marketed its products in China and has reported sales to international markets, including parts of Asia, Europe, and North America.