Key Points
- Director Nan Hu sold a total of 9,175 shares in April, including 4,092 shares on April 20 at an average $2.71, reducing her stake by 7.66% to 49,316 shares.
- Nano Labs stock is under pressure—the shares opened at $2.21 (down 9.1%), with a 1‑year range of $2.13–$31.48 and technical averages below prior levels (50-day $2.96, 200-day $3.61); Weiss Ratings and MarketBeat list the stock as a "Sell."
- Institutions own a majority (50.68%) of the float, with recent activity including large positions or increases by Smartleaf (now ~780,817 shares, ~$4.06M), XTX Topco, Vontobel and a new stake by Jane Street.
Nano Labs Ltd. Sponsored ADR (NASDAQ:NA - Get Free Report) Director Nan Hu sold 4,092 shares of Nano Labs stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $2.71, for a total transaction of $11,089.32. Following the completion of the sale, the director directly owned 49,316 shares in the company, valued at $133,646.36. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Nan Hu also recently made the following trade(s):
- On Friday, April 17th, Nan Hu sold 1,633 shares of Nano Labs stock. The stock was sold at an average price of $2.86, for a total transaction of $4,670.38.
- On Wednesday, April 15th, Nan Hu sold 2,557 shares of Nano Labs stock. The stock was sold at an average price of $3.10, for a total transaction of $7,926.70.
- On Wednesday, April 15th, Nan Hu sold 893 shares of Nano Labs stock. The shares were sold at an average price of $3.14, for a total transaction of $2,804.02.
Nano Labs Stock Down 9.1%
Nano Labs stock opened at $2.21 on Thursday. Nano Labs Ltd. Sponsored ADR has a 1-year low of $2.13 and a 1-year high of $31.48. The company has a current ratio of 2.09, a quick ratio of 2.03 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $3.61.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Nano Labs in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nano Labs presently has an average rating of "Sell".
Get Our Latest Stock Analysis on Nano Labs
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Nano Labs in the 4th quarter valued at approximately $89,000. XTX Topco Ltd grew its stake in Nano Labs by 40.9% in the 4th quarter. XTX Topco Ltd now owns 36,641 shares of the company's stock valued at $115,000 after buying an additional 10,638 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of Nano Labs by 9.3% during the 4th quarter. Vontobel Holding Ltd. now owns 51,045 shares of the company's stock valued at $161,000 after purchasing an additional 4,364 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Nano Labs by 91,223.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 780,817 shares of the company's stock valued at $4,060,000 after purchasing an additional 779,962 shares in the last quarter. 50.68% of the stock is currently owned by hedge funds and other institutional investors.
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. In addition, it engages in the research and development of software. Its customers include enterprises and individual buyers.
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