Short Interest in Tantech Holdings Ltd (NASDAQ:TANH) Declines By 40.3%

Tantech Holdings Ltd (NASDAQ:TANHGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 144,800 shares, a decrease of 40.3% from the April 30th total of 242,700 shares. Based on an average daily volume of 3,940,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.9% of the company’s stock are sold short.

Shares of NASDAQ TANH opened at $0.26 on Friday. Tantech has a 1-year low of $0.20 and a 1-year high of $15.70. The firm’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.58.

Separately, StockNews.com began coverage on shares of Tantech in a report on Saturday, May 21st. They set a “sell” rating on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Tantech in the 1st quarter worth about $88,000. Renaissance Technologies LLC acquired a new stake in shares of Tantech in the 1st quarter worth about $185,000. Two Sigma Advisers LP raised its holdings in shares of Tantech by 13.3% in the 3rd quarter. Two Sigma Advisers LP now owns 112,400 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 13,200 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Tantech in the 3rd quarter worth about $77,000. Finally, Morgan Stanley raised its holdings in shares of Tantech by 7,177.5% in the 2nd quarter. Morgan Stanley now owns 181,937 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 179,437 shares during the last quarter.

About Tantech (Get Rating)

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, Trading, and Electric Vehicle.

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