Nano Labs Ltd (NASDAQ:NA) Short Interest Down 17.4% in September

Nano Labs Ltd (NASDAQ:NA) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 41,900 shares, a decline of 17.4% from the August 31st total of 50,700 shares. Based on an average daily volume of 62,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Nano Labs Stock Up 74.2 %

Shares of NA stock traded up $0.43 during trading hours on Friday, reaching $1.01. 3,345,696 shares of the company traded hands, compared to its average volume of 447,291. The firm has a 50-day moving average price of $0.34 and a 200 day moving average price of $0.63. Nano Labs has a 12-month low of $0.27 and a 12-month high of $4.75.

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.