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

Tantech Holdings Ltd. (NASDAQ:TANH) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 106,000 shares, an increase of 473.0% from the August 31st total of 18,500 shares. Currently, 8.4% of the shares of the stock are sold short. Based on an average daily volume of 552,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 552,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.4% of the shares of the stock are sold short.

Tantech Trading Down 2.1%

Tantech stock opened at $1.67 on Wednesday. The stock has a 50-day moving average price of $1.97 and a 200 day moving average price of $2.03. Tantech has a 52 week low of $1.45 and a 52 week high of $10.77.

Institutional Trading of Tantech

A hedge fund recently bought a new stake in Tantech stock. Marex Group plc acquired a new position in shares of Tantech Holdings Ltd. (NASDAQ:TANH) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,737 shares of the basic materials company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 22.88% of Tantech at the end of the most recent quarter. 6.02% of the stock is owned by hedge funds and other institutional investors.

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.