The trading price of Tantech Holdings Ltd (NASDAQ:TANH) closed lower on Friday, Feb 19, closing at $1.95, -2.05% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.8600 and $2.0200. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0.1. In examining the 52-week price action we see that the stock hit a 52-week high of $3.65 and a 52-week low of $0.81. Over the past month, the stock has gained 5.52% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tantech Holdings Ltd no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TANH has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
To see how Tantech Holdings Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: TANH stock’s performance was -2.05% in the latest trading, and +38.41% in the past year, while Air Products and Chemicals (APD) has traded +0.47% on the day and positioned +3.32% higher than it was a year ago. Another comparable company Du Pont De.Nemours Inc (DD) saw its stock close 1.38% higher in the most recent trading session but was up +32.81% in a year. Furthermore, Dow Inc (DOW) showed a decline of -2.05% on the day while its price kept rising at 38.41% over the past year. Tantech Holdings Ltd has a P/E ratio of 0, compared to Air Products and Chemicals 30.94 and Du Pont De.Nemours Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
An evaluation of the daily trading volume of Tantech Holdings Ltd (NASDAQ:TANH) indicates that the 3-month average is 5.13 Million. However, this figure has declined over the past 10 days to an average of 2Million.
Currently, records show that 35.89 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 32.82% of outstanding shares, whereas institutions hold 1.53%. The stats also highlight that short interest as of January 28, 2021, stood at 2.43 Million shares, resulting in a short ratio of 0.53 at that time. From this, we can conclude that short interest is 6.76% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 766.98 Million. However, since the stock’s price has seen +38.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.