How to buy Canaan stock

Canaan Inc is a computer hardware business based in the US. Canaan shares (CAN) are listed on the NASDAQ and all prices are listed in US Dollars. Canaan employs 333 staff and has a market cap (total outstanding shares value) of USD$2.8 billion.

How to buy shares in Canaan

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Canaan. Find the stock by name or ticker symbol: CAN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Canaan reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Canaan, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Canaan. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Our top pick for

Beginners

Robinhood

Our top pick for

Building a portfolio

Sofi Invest

Our top pick for

Advanced traders

Interactive Brokers

How we chose our top picks

We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. We encourage you to compare stock platforms to find one that's best for your particular budget and goals.

• Our pick for beginners. We chose Robinhood for this category because it offers commission-free trading and is easy to use. You can search for stocks by company name, and the mobile app is clean and intuitive to use.
• Our pick for building a portfolio. We chose SoFi for this category because it offers both commission-free stocks and a free robo-advisor. That means you can open an active investing account to pick and choose companies you want to invest in, and open a robo-advisor account to help you build a portfolio and manage how much risk you take on.
• Our pick for active traders. We picked Interactive Brokers for this category because it offers advanced tools and low fees for active investors and pros. The simpler IBKR Lite platform is aimed at less-active investors, but all users older than 21 must meet a $20,000 liquid net worth requirement for a cash account.

What's in this guide?

1. CAN shares summary
2. Compare share dealing platforms
3. Is CAN stock a buy or sell?
4. Stock performance over time
5. Can I short CAN shares?
6. Canaan's financials
7. Does Canaan pay a dividend?
8. Other common questions

Canaan share price

Use our graph to track the performance of CAN stocks over time.

Canaan shares at a glance

• Key figures

Information last updated 2021-02-24.

52-week range	USD$1.76 - USD$25.778
50-day moving average	USD$8.27
200-day moving average	USD$4.0985
Wall St. target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$-0.9235

Buy Canaan shares from these brokerages

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Canaan stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Canaan Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Shorting Canaan shares

There are currently 8.6 million Canaan shares held short by investors – that's known as Canaan's "short interest". This figure is 23.2% up from 7.0 million last month.

There are a few different ways that this level of interest in shorting Canaan shares can be evaluated.

Canaan's "short interest ratio" (SIR)

Canaan's "short interest ratio" (SIR) is the quantity of Canaan shares currently shorted divided by the average quantity of Canaan shares traded daily (recently around 14.6 million). Canaan's SIR currently stands at 0.59. In other words for every 100,000 Canaan shares traded daily on the market, roughly 590 shares are currently held short.

However Canaan's short interest can also be evaluated against the total number of Canaan shares, or, against the total number of tradable Canaan shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canaan's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Canaan shares in existence, roughly 50 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Canaan shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Canaan.

Find out more about how you can short Canaan stock.

Canaan overview

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.

Frequently asked questions

• What percentage of Canaan is owned by institutions?

  Currently 7.201% of Canaan shares are held by institutions.

• How many people work for Canaan?

  Latest data suggests 333 work at Canaan.

• When does the fiscal year end for Canaan?

  Canaan's fiscal year ends in December.

• Where is Canaan based?

  Canaan's address is: Dicara Silver Tower, Hangzhou, China, 310016

• What is Canaan's ISIN number?

  Canaan's international securities identification number is: US1347481020

• What is Canaan's CUSIP number?

  Canaan's Committee on Uniform Securities Identification Procedures number is: 027714104