Nano Labs Ltd (NASDAQ:NA) Short Interest Down 94.8% in October

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

Nano Labs Trading Up 134.0 %

Shares of NA traded up $4.41 during mid-day trading on Tuesday, reaching $7.70. The company’s stock had a trading volume of 1,396,751 shares, compared to its average volume of 54,710. Nano Labs has a 12-month low of $2.75 and a 12-month high of $47.50. The company’s 50 day moving average is $5.46 and its 200 day moving average is $4.74.

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.