From MarketBeat:

Canaan Inc. (NASDAQ:CAN) experienced a significant growth in short interest in December, with 16,830,000 shares worth 25.7% more than in November. Institutional investors such as Bank of America and JPMorgan Chase have also recently bought and sold shares of the company.

The stock of Canaan Inc. is currently down by 17.8% at $2.31 per share, with a trading volume of 41,864,790 shares. The company’s fifty-two week low is $1.13 and its high is $3.98.

Canaan Inc. recently reported an EPS of ($0.47) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.11). The company’s revenue for the quarter was $33.32 million, compared to analysts’ expectations of $30.00 million.

Canaan Inc. is a China-based company that researches, designs, and sells bitcoin mining equipment products. The company engages in the assembly and distribution of mining equipment and spare parts.

MarketBeat has identified the five stocks that top analysts are recommending to buy now, with Canaan not being on the list. The company currently has a “Buy” rating among analysts, but top-rated analysts believe that these five stocks are better buys.



Read more: Canaan Inc. (NASDAQ:CAN) Short Interest Update