Nano Labs Ltd (NASDAQ:NA) Short Interest Update

Nano Labs Ltd (NASDAQ:NA) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 18,400 shares, a decrease of 94.8% from the October 15th total of 354,500 shares. Based on an average daily volume of 53,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Nano Labs Stock Performance

Shares of Nano Labs stock traded down $2.03 on Wednesday, hitting $5.67. The company had a trading volume of 705,263 shares, compared to its average volume of 57,762. Nano Labs has a 1 year low of $2.75 and a 1 year high of $47.50. The stock has a 50 day moving average of $5.61 and a 200-day moving average of $4.76.

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.