Canaan (CAN) News Today

Van ECK Associates Corp grew its position in Canaan Inc. (NASDAQ:CAN - Free Report) by 38.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,280,689 shares of the company's stock after acquiring an additional 1,730,528 shares

Nomura Holdings Inc. lifted its stake in shares of Canaan Inc. (NASDAQ:CAN - Free Report) by 1,463.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,271,925 shares of the company's stock after acquiring an additional 1,19

Canaan Inc. (NASDAQ:CAN - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 25,210,000 shares, a decline of 12.0% from the May 15th total of 28,650,000 shares. Based on an average daily volume of 10,390,000 shares, the days-to-cover ratio is presently 2.4 days.

Nomura Holdings Inc. increased its stake in Canaan Inc. (NASDAQ:CAN - Free Report) by 1,463.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,271,925 shares of the company's stock after buying an additional 1,

Canaan Inc. (NASDAQ:CAN - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 28,650,000 shares, an increase of 7.7% from the April 30th total of 26,590,000 shares. Based on an average daily volume of 13,290,000 shares, the short-interest ratio is presently 2.2 days.

Canaan Inc. (NASDAQ:CAN - Free Report) - Equities research analysts at HC Wainwright decreased their Q3 2024 earnings estimates for shares of Canaan in a research note issued on Monday, May 20th. HC Wainwright analyst K. Dede now expects that the company will earn ($0.30) per share for the quarte

HC Wainwright reissued a "buy" rating and issued a $3.00 price target on shares of Canaan in a report on Monday.

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Canaan (NASDAQ:CAN) will be releasing earnings before the market opens on Friday, May 17, Zacks reports.

Canaan Inc. (NASDAQ:CAN - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 25,400,000 shares, a decrease of 5.5% from the March 31st total of 26,870,000 shares. Based on an average daily trading volume, of 17,200,000 shares, the short-interest ratio is presently 1.5 days.

Canaan Inc. (NASDAQ:CAN - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors acquired 37,676 call options on the stock. This represents an increase of approximately 350% compared to the average daily volume of 8,368 call options.