Could Tantech Holdings LTD. (NASDAQ:TANH) Change Direction After More Shorts?

September 30, 2018 - By Pearl Odom

The stock of Tantech Holdings LTD. (NASDAQ:TANH) registered an increase of 32.37% in short interest. TANH’s total short interest was 105,100 shares in September as published by FINRA. Its up 32.37% from 79,400 shares, reported previously. With 587,800 shares average volume, it will take short sellers 0 days to cover their TANH’s short positions. The short interest to Tantech Holdings LTD.’s float is 0.66%.

The stock increased 0.61% or $0.01 during the last trading session, reaching $1.64. About 246,690 shares traded. Tantech Holdings Ltd (NASDAQ:TANH) has declined 57.33% since September 30, 2017 and is downtrending. It has underperformed by 72.95% the S&P500.

Tantech Holdings Ltd. develops and manufactures bamboo charcoal products in the PeopleÂ’s Republic of China and internationally. The company has market cap of $47.07 million. The firm operates through three divisions: Consumer Products, Trading, and Energy. It has a 11.31 P/E ratio. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.

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