Canaan Inc. (NASDAQ:CAN) Sees Large Growth in Short Interest
MarketBeat
Canaan Inc. (NASDAQ:CAN - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 34,200,000 shares, an increase of 57.6% from the April 30th total of 21,700,000 shares. Approximately 12.2% of the shares of the company are short sold. Based on an average daily trading volume, of 20,890,000 shares, the short-interest ratio is currently 1.6 days.
NASDAQ:CAN