Tantech Holdings Ltd. (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd. (NASDAQ:TANH) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 86,268 shares, a decrease of 89.3% from the August 31st total of 802,659 shares. Currently, 13.4% of the shares of the company are sold short. Based on an average daily trading volume, of 289,578 shares, the short-interest ratio is currently 0.3 days.

Tantech Stock Performance

TANH traded up $0.05 during trading on Thursday, hitting $14.50. The stock had a trading volume of 7,998 shares, compared to its average volume of 152,001. The company has a 50 day moving average price of $19.17 and a 200-day moving average price of $22.35. Tantech has a one year low of $10.06 and a one year high of $98.00.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Tantech from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Tantech

Tantech Holdings Ltd. is a China-based manufacturer and distributor of bamboo charcoal and related products. The company’s product portfolio has included household charcoal products, such as air-purifying and deodorizing bags, as well as barbecue charcoal, activated carbon, and other charcoal-based consumer goods.

Tantech has also operated in industrial energy products, including bamboo-charcoal briquettes and other charcoal-based fuels used for heating and energy applications. Its business has historically focused on using bamboo as a raw material, reflecting the company’s origins in Zhejiang Province, a major bamboo-producing region of China.

The company has marketed its products in China and has reported sales to international markets, including parts of Asia, Europe, and North America.