Tantech Holdings Ltd (NASDAQ:TANH) Sees Significant Growth in Short Interest

Tantech Holdings Ltd (NASDAQ:TANHGet Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 936,200 shares, an increase of 242.2% from the May 15th total of 273,600 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is currently 0.6 days.

Tantech Stock Down 8.2 %

Tantech stock traded down $0.06 during mid-day trading on Friday, reaching $0.72. 137,433 shares of the company traded hands, compared to its average volume of 1,194,998. The firm’s 50 day moving average price is $0.68 and its 200 day moving average price is $0.90. Tantech has a 52-week low of $0.52 and a 52-week high of $3.94.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Tantech in a research report on Friday. They set a “sell” rating on the stock.

Get Our Latest Stock Analysis on Tantech

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.

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