Free Trial

Nano Labs Ltd. Sponsored ADR (NASDAQ:NA) Short Interest Update

Nano Labs logo with Computer and Technology background

Key Points

  • Nano Labs Ltd. experienced a significant increase in short interest, rising by 29.4% in August, bringing the total to 334,900 shares, which is 2.7% of the company's stock.
  • Wall Street Zen upgraded Nano Labs to a "hold" rating in early July, indicating a more positive outlook for the company's stock.
  • As of the latest trading day, Nano Labs shares depreciated by 1.8%, reaching $4.92, with the company having a one-year range of $2.77 to $31.48.
  • Interested in Nano Labs? Here are five stocks we like better.

Nano Labs Ltd. Sponsored ADR (NASDAQ:NA - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 334,900 shares, a growth of 29.4% from the August 15th total of 258,900 shares. Approximately 2.7% of the company's stock are short sold. Based on an average daily trading volume, of 750,400 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 750,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.7% of the company's stock are short sold.

Nano Labs Stock Performance

Shares of NASDAQ NA traded up $0.21 during trading on Friday, reaching $5.41. 116,733 shares of the company traded hands, compared to its average volume of 200,635. The firm has a 50 day simple moving average of $5.65 and a 200-day simple moving average of $5.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 1.81. Nano Labs has a 52-week low of $2.77 and a 52-week high of $31.48.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Nano Labs to a "hold" rating in a research report on Saturday, July 12th.

Read Our Latest Stock Report on NA

Nano Labs Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Nano Labs Right Now?

Before you consider Nano Labs, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano Labs wasn't on the list.

While Nano Labs currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.