Tantech Holdings Ltd (NASDAQ:TANH – Get Free Report) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 546,000 shares, a decrease 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 currently 0.1 days.
Tantech Stock Performance
Shares of TANH remained flat at $0.15 during mid-day trading on Friday. The stock had a trading volume of 1,759,079 shares, compared to its average volume of 4,544,660. Tantech has a one year low of $0.12 and a one year high of $2.10. The company’s fifty day moving average price is $0.16 and its two-hundred day moving average price is $0.33.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Tantech in a research note on Sunday, December 8th. They issued a “sell” rating for the company.
About Tantech
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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