Short interest in Canaan Inc (NASDAQ:CAN) increased during the last reporting period, rising from 22.73M to 23.77M. This put 8.91% of the company's publicly available shares short.

Short interest for Canaan gives investors a sense of the degree to which investors are betting on the decline of Canaan's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 22.15M shares traded per day, it would take 1.07 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.