Nano Labs Ltd (NASDAQ:NA) Sees Large Increase in Short Interest

Nano Labs Ltd (NASDAQ:NA) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 236,700 shares, an increase of 299.2% from the November 30th total of 59,300 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 167,900 shares, the short-interest ratio is presently 1.4 days.

Nano Labs Stock Down 14.3 %

Nano Labs stock traded down $1.29 during midday trading on Thursday, reaching $7.70. 795,737 shares of the company traded hands, compared to its average volume of 75,949. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 7.31. Nano Labs has a 12 month low of $2.75 and a 12 month high of $47.50. The business has a 50 day moving average of $7.10 and a two-hundred day moving average of $5.30.

Nano Labs Company Profile

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.