Nano Labs Ltd (NASDAQ:NA) Short Interest Up 35.1% in December

Nano Labs Ltd (NASDAQ:NA) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 319,700 shares, a growth of 35.1% from the December 15th total of 236,700 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 152,600 shares, the days-to-cover ratio is currently 2.1 days.

Nano Labs Stock Up 0.9 %

NASDAQ NA traded up $0.07 on Thursday, hitting $8.10. 89,075 shares of the company were exchanged, compared to its average volume of 38,357. Nano Labs has a 1-year low of $2.75 and a 1-year high of $47.50. The firm has a 50 day moving average of $7.85 and a two-hundred day moving average of $5.72. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 7.31.

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.