Short Interest in Nano Labs Ltd (NASDAQ:NA) Declines By 13.2%

Nano Labs Ltd (NASDAQ:NA) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 181,300 shares, a decrease of 13.2% from the February 13th total of 208,800 shares. Based on an average daily volume of 75,100 shares, the short-interest ratio is currently 2.4 days. Approximately 3.7% of the shares of the company are sold short.

Nano Labs Price Performance

Shares of NASDAQ:NA traded up $0.39 during midday trading on Thursday, hitting $5.09. The company had a trading volume of 3,380 shares, compared to its average volume of 80,484. Nano Labs has a 12-month low of $2.75 and a 12-month high of $23.50. 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 has a fifty day moving average of $6.57 and a two-hundred day moving average of $6.64.

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.