Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Down 55.7% in March

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC purchased a new stake in Tantech Holdings Ltd (NASDAQ:TANH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 6.02% of the stock is owned by institutional investors and hedge funds.

Tantech Trading Up 4.1 %

TANH stock opened at $2.29 on Friday. The company has a fifty day moving average price of $3.99 and a 200 day moving average price of $5.79. Tantech has a 12 month low of $2.12 and a 12 month high of $63.60.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Tantech in a research report on Tuesday, February 18th. They set 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.