Nano Labs Ltd (NASDAQ:NA) Short Interest Up 386.4% in November

Nano Labs Ltd (NASDAQ:NA) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 89,500 shares, an increase of 386.4% from the October 31st total of 18,400 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 134,000 shares, the days-to-cover ratio is presently 0.7 days.

Nano Labs Price Performance

Shares of NA traded up $0.08 during mid-day trading on Wednesday, hitting $8.27. 35,977 shares of the company traded hands, compared to its average volume of 68,844. 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 business has a 50-day moving average of $6.09 and a 200 day moving average of $4.73. Nano Labs has a one year low of $2.75 and a one year high of $47.50.

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.