Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 291,000 shares, a decrease of 77.6% from the January 15th total of 1,300,000 shares. Based on an average trading volume of 7,690,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Tantech Stock Up 17.1 %

Tantech stock traded up $0.58 during mid-day trading on Thursday, reaching $3.93. The company’s stock had a trading volume of 522,567 shares, compared to its average volume of 124,709. Tantech has a 12-month low of $3.02 and a 12-month high of $63.60. The firm’s fifty day moving average price is $0.16 and its two-hundred day moving average price is $0.16.

Institutional Trading of Tantech

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC acquired a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission. 6.02% of the stock is currently owned by institutional investors and hedge funds.

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.