Tantech (NASDAQ:TANH) Stock Price Up 6.4%

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Shares of Tantech Holdings Ltd (NASDAQ:TANH) rose 6.4% during trading on Tuesday . The company traded as high as $1.67 and last traded at $1.67, approximately 527,400 shares traded hands during mid-day trading. An increase of 222% from the average daily volume of 163,769 shares. The stock had previously closed at $1.57.

Separately, ValuEngine upgraded shares of Tantech from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The business’s 50 day moving average is $1.51 and its 200 day moving average is $1.50.

A hedge fund recently bought a new stake in Tantech stock. Jane Street Group LLC bought a new position in Tantech Holdings Ltd (NASDAQ:TANH) in the second quarter, according to its most recent filing with the SEC. The firm bought 43,923 shares of the basic materials company’s stock, valued at approximately $65,000. Jane Street Group LLC owned approximately 0.15% of Tantech as of its most recent SEC filing. 1.46% of the stock is owned by institutional investors.

About Tantech (NASDAQ:TANH)

Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Electric Vehicle. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.

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