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

Nano Labs Ltd (NASDAQ:NA) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 319,700 shares, an increase of 35.1% from the December 15th total of 236,700 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 152,600 shares, the short-interest ratio is presently 2.1 days.

Nano Labs Price Performance

Shares of NA stock traded up $0.07 on Thursday, reaching $8.10. The company had a trading volume of 89,075 shares, compared to its average volume of 38,357. The company has a 50-day moving average of $7.85 and a 200-day moving average of $5.72. Nano Labs has a 12 month low of $2.75 and a 12 month high of $47.50. The company has a debt-to-equity ratio of 7.31, a quick ratio of 0.67 and a current ratio of 0.72.

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.