Short Interest in Tantech Holdings Ltd. (NASDAQ:TANH) Grows By 82.9%

Tantech Holdings Ltd. (NASDAQ:TANH) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 969,749 shares, an increase of 82.9% from the June 30th total of 530,230 shares. Currently, 16.2% of the company’s shares are sold short. Based on an average daily volume of 1,616,726 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Tantech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Marex Group plc acquired a new position in shares of Tantech Holdings Ltd. (NASDAQ:TANH) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,737 shares of the basic materials company’s stock, valued at approximately $43,000. Marex Group plc owned about 22.88% of Tantech as of its most recent SEC filing. Institutional investors own 6.02% of the company’s stock.

Tantech Price Performance

TANH opened at $0.42 on Friday. Tantech has a 1 year low of $0.30 and a 1 year high of $2.59. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.60.

Tantech Company Profile

Tantech Holdings Ltd (NASDAQ:TANH) is a China-based company specializing in the research, development, production and sale of bamboo-based and wood-based charcoal products and related chemical byproducts. The company operates vertically integrated manufacturing facilities in Sichuan Province, where it converts sustainably sourced bamboo into a range of charcoal goods and extracts. Its product portfolio includes bamboo charcoal briquettes and rods for air and water purification, activated charcoal for industrial and consumer uses, wood vinegar and tar for agricultural and environmental applications, and glycerin derived from biomass processing.

Alongside its core charcoal business, Tantech produces wood vinegar–based products that serve the agricultural sector as natural pesticides and soil conditioners.