Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Up 83.2% in August

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 951,100 shares, an increase of 83.2% from the August 15th total of 519,300 shares. Based on an average trading volume of 8,360,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.6% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Tantech in a report on Wednesday. They set a “sell” rating for the company.

Tantech Price Performance

Shares of NASDAQ TANH remained flat at $0.16 during mid-day trading on Friday. The stock had a trading volume of 9,894,483 shares, compared to its average volume of 25,799,574. The company has a 50 day moving average price of $0.29 and a 200-day moving average price of $0.55. Tantech has a 12 month low of $0.12 and a 12 month high of $3.94.

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.