Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 63,500 shares, a decrease of 55.7% from the February 28th total of 143,200 shares. Based on an average daily trading volume, of 208,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 5.5% of the company’s stock are short sold.

Tantech Stock Performance

Shares of Tantech stock opened at $2.06 on Friday. The stock’s 50-day moving average is $3.90 and its 200-day moving average is $5.76. Tantech has a one year low of $2.06 and a one year high of $63.60.

Institutional Investors Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC acquired a new stake in Tantech Holdings Ltd (NASDAQ:TANH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned about 4.38% of Tantech as of its most recent SEC filing. Institutional investors own 6.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Tantech in a report on Tuesday, February 18th. They set a “sell” rating on the stock.

Tantech Company Profile

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.