Nano Labs Ltd (NASDAQ:NA) Short Interest Update

Nano Labs Ltd (NASDAQ:NA) was the target of a large decrease in short interest in 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 53,500 shares, the short-interest ratio is presently 0.3 days.

Nano Labs Trading Down 26.4 %

Shares of NA 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. The stock’s 50-day moving average is $5.61 and its two-hundred day moving average is $4.76. Nano Labs has a twelve month low of $2.75 and a twelve month high of $47.50.

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.