Tantech Holdings Ltd. (NASDAQ:TANH) Shares Shorted: Short Interest Down 42.8% in September

Tantech Holdings Ltd. (NASDAQ:TANH) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 49,349 shares, a decrease of 42.8% from the September 15th total of 86,268 shares. Based on an average daily volume of 23,088 shares, the days-to-cover ratio is presently 2.1 days. Approximately 7.7% of the shares of the stock are sold short.

Tantech Trading Down 5.6%

NASDAQ TANH traded down $0.78 on Thursday, hitting $13.12. The company’s stock had a trading volume of 30,292 shares, compared to its average volume of 25,650. The company’s 50-day moving average is $17.59 and its 200 day moving average is $19.82. Tantech has a 1-year low of $10.06 and a 1-year high of $92.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Tantech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Tantech has a consensus rating of “Sell”.

About Tantech

Tantech Holdings Ltd. is a China-based company that develops and manufactures bamboo charcoal and related products. Its product range has included charcoal-based household goods, air-purification products, heating and cooking materials, personal-care items, and agricultural or industrial applications.

The company has historically marketed its products in China and internationally through distributors, retailers, and other commercial channels. Tantech was established in Zhejiang Province, China, and has been associated with bamboo-processing and charcoal manufacturing operations in the region.

In addition to its traditional bamboo-charcoal business, Tantech has pursued other activities over time, including clean-energy and electric-vehicle-related initiatives.