Nano Labs Ltd (NASDAQ:NA) Sees Significant Decrease in Short Interest

Nano Labs Ltd (NASDAQ:NA) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 208,800 shares, a decline of 18.8% from the January 31st total of 257,100 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average trading volume of 121,500 shares, the short-interest ratio is currently 1.7 days.

Nano Labs Trading Down 0.6 %

Shares of Nano Labs stock traded down $0.04 during trading hours on Thursday, hitting $5.57. The company had a trading volume of 11,374 shares, compared to its average volume of 47,457. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 7.31. The company’s 50-day moving average is $7.21 and its two-hundred day moving average is $6.49. Nano Labs has a twelve month low of $2.75 and a twelve month high of $23.50.

About Nano Labs

Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology.