Tantech Holdings Ltd. (NASDAQ:TANH) Short Interest Up 82.9% in July

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

Tantech Trading Down 0.7%

Shares of Tantech stock opened at $0.41 on Thursday. Tantech has a fifty-two week low of $0.30 and a fifty-two week high of $2.59. The stock has a 50 day moving average of $0.44 and a 200 day moving average of $0.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Tantech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tantech has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Marex Group plc acquired a new stake in Tantech Holdings Ltd. (NASDAQ:TANH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,737 shares of the basic materials company’s stock, valued at approximately $43,000. Marex Group plc owned 22.88% of Tantech as of its most recent filing with the Securities and Exchange Commission (SEC). 6.02% of the stock is currently owned by institutional investors and hedge funds.

About Tantech

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.