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

Nano Labs Ltd (NASDAQ:NA) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 41,900 shares, a drop 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 stock are short sold.

Nano Labs Stock Performance

Shares of Nano Labs stock opened at $1.01 on Monday. The company’s 50 day moving average price is $0.34 and its two-hundred day moving average price is $0.61. Nano Labs has a fifty-two week low of $0.27 and a fifty-two week 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.