Short Interest in Nano Labs Ltd (NASDAQ:NA) Decreases By 18.8%

Nano Labs Ltd (NASDAQ:NA) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 208,800 shares, a drop of 18.8% from the January 31st total of 257,100 shares. Currently, 4.5% of the shares of the stock are sold short. Based on an average trading volume of 121,500 shares, the days-to-cover ratio is presently 1.7 days.

Nano Labs Stock Performance

NA stock opened at $5.80 on Tuesday. Nano Labs has a 52 week low of $2.75 and a 52 week high of $23.50. 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 firm has a 50-day simple moving average of $7.40 and a 200-day simple moving average of $6.45.

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.