Nano Labs Ltd. Sponsored ADR $NA Shares Sold by Heights Capital Management Inc.

Heights Capital Management Inc. lessened its holdings in Nano Labs Ltd. Sponsored ADR (NASDAQ:NA) by 92.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,033 shares of the company’s stock after selling 1,328,985 shares during the quarter. Heights Capital Management Inc. owned approximately 0.38% of Nano Labs worth $600,000 at the end of the most recent quarter.

Separately, Smartleaf Asset Management LLC lifted its holdings in Nano Labs by 91,223.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 780,817 shares of the company’s stock worth $4,060,000 after buying an additional 779,962 shares during the last quarter. 50.68% of the stock is owned by institutional investors.

Nano Labs Stock Up 4.6%

Shares of NASDAQ:NA opened at $3.16 on Wednesday. The firm has a 50 day simple moving average of $3.23 and a 200-day simple moving average of $4.03. Nano Labs Ltd. Sponsored ADR has a twelve month low of $2.74 and a twelve month high of $31.48. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $93.30 million, a PE ratio of -0.46 and a beta of 3.16.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Labs in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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. In addition, it engages in the research and development of software. Its customers include enterprises and individual buyers.