Short Interest in Tantech Holdings Ltd (NASDAQ:TANH) Expands By 723.0%

Tantech Holdings Ltd (NASDAQ:TANH) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 143,200 shares, a growth of 723.0% from the February 13th total of 17,400 shares. Currently, 14.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 258,100 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC purchased a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned approximately 4.38% of Tantech as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Tantech in a research note on Tuesday, February 18th. They set a “sell” rating for the company.

Tantech Stock Down 3.7 %

Shares of NASDAQ TANH opened at $2.83 on Friday. Tantech has a 12 month low of $2.55 and a 12 month high of $63.60. The business has a fifty day simple moving average of $4.95 and a 200-day simple moving average of $6.04.

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.