Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Update

Tantech Holdings Ltd (NASDAQ:TANH) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 17,400 shares, a decline of 94.0% from the January 31st total of 291,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 258,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC purchased a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Tantech in a research report on Tuesday, February 18th. They set a “sell” rating for the company.

Tantech Stock Performance

Shares of NASDAQ TANH traded up $0.11 during midday trading on Friday, reaching $2.91. 82,751 shares of the stock were exchanged, compared to its average volume of 220,358. Tantech has a 52-week low of $2.62 and a 52-week high of $63.60. The stock has a 50 day moving average price of $5.79 and a 200-day moving average price of $6.20.

Tantech Company Profile

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.