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

April 16, 2018 - By Christine McCrea

The stock of Tantech Holdings LTD. (NASDAQ:TANH) registered an increase of 46.69% in short interest. TANH’s total short interest was 135,100 shares in April as published by FINRA. Its up 46.69% from 92,100 shares, reported previously. With 522,600 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 1.34%.

The stock decreased 0.68% or $0.02 during the last trading session, reaching $2.94. About 23,455 shares traded. Tantech Holdings Ltd (NASDAQ:TANH) has risen 80.54% since April 16, 2017 and is uptrending. It has outperformed by 68.99% 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 $84.39 million. The firm operates through three divisions: Consumer Products, Trading, and Energy. It has a 24.71 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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