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

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

Wall Street Analyst Weigh In

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

Tantech Stock Down 0.8%

Shares of NASDAQ:TANH traded down $0.12 during midday trading on Friday, reaching $14.38. The company’s stock had a trading volume of 5,879 shares, compared to its average volume of 153,884. The firm has a 50 day moving average of $19.02 and a 200-day moving average of $22.30. Tantech has a 12-month low of $10.06 and a 12-month high of $98.00.

Tantech Company Profile

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.