Canaan Inc. (NASDAQ:CAN – Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 26,870,000 shares, an increase of 15.8% from the March 15th total of 23,200,000 shares. Based on an average trading volume of 18,120,000 shares, the short-interest ratio is currently 1.5 days.
Canaan Trading Down 2.7 %
CAN traded down $0.03 during midday trading on Tuesday, reaching $1.10. The company’s stock had a trading volume of 9,138,381 shares, compared to its average volume of 17,769,627. The stock has a market cap of $256.85 million, a P/E ratio of -0.46 and a beta of 3.01. The company has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $1.75. Canaan has a twelve month low of $1.07 and a twelve month high of $3.50.
Canaan (NASDAQ:CAN – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.35) earnings per share for the quarter, hitting the consensus estimate of ($0.35). Canaan had a negative return on equity of 80.13% and a negative net margin of 195.84%. The company had revenue of $49.07 million for the quarter, compared to analyst estimates of $33.90 million. Sell-side analysts expect that Canaan will post -1.35 earnings per share for the current year.
Institutional Trading of Canaan
Canaan Company Profile
Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.
Featured Stories
- Five stocks we like better than Canaan
- 3 Small Caps With Big Return Potential
- Silicon Motion Proves That AI in Motion Stays in Motion
- Energy and Oil Stocks Explained
- Undervalued UnitedHealth Group Won’t Be For Long
- Stock Dividend Cuts Happen Are You Ready?
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Canaan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canaan and related companies with MarketBeat.com's FREE daily email newsletter.