Short Interest in Nano Labs Ltd (NASDAQ:NA) Decreases By 22.4%

Nano Labs Ltd (NASDAQ:NA) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 248,000 shares, a drop of 22.4% from the December 31st total of 319,700 shares. Based on an average trading volume of 154,100 shares, the short-interest ratio is presently 1.6 days. Approximately 4.0% of the company’s shares are sold short.

Nano Labs Stock Down 0.7 %

Shares of Nano Labs stock opened at $6.95 on Friday. 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 business has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $5.97. Nano Labs has a 1-year low of $2.75 and a 1-year high of $47.50.

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.