Tantech Holdings Ltd (NASDAQ:TANH) Short Interest Down 94.0% in February

Tantech Holdings Ltd (NASDAQ:TANH) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 17,400 shares, a decrease of 94.0% from the January 31st total of 291,000 shares. Based on an average daily trading volume, of 258,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC bought a new stake in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned approximately 4.38% of Tantech as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 6.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Price Performance

NASDAQ:TANH opened at $2.80 on Friday. The stock has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.24. Tantech has a 52-week low of $2.62 and a 52-week high of $63.60.

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.