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

Nano Labs Ltd (NASDAQ:NA) was the target 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 trading volume of 75,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.7% of the company’s stock are short sold.

Nano Labs Trading Up 8.2 %

NA traded up $0.39 during mid-day trading on Thursday, reaching $5.09. 3,380 shares of the company traded hands, compared to its average volume of 80,484. The company has a debt-to-equity ratio of 7.31, a current ratio of 0.72 and a quick ratio of 0.67. The company’s fifty day moving average price is $6.57 and its 200-day moving average price is $6.64. Nano Labs has a 52-week low of $2.75 and a 52-week high of $23.50.

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.