These 5 Chinese Stocks are Rebounding as Crackdown Nears End

3. Canaan Inc. (NASDAQ:CAN)

Number of Hedge Fund Holders: 8   

Increase in Share Price Over Past Month: 24.95%

Canaan Inc. (NASDAQ:CAN) markets technology hardware, storage and peripherals. The hedge fund sentiment around the stock is mixed. At the end of the fourth quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $16 million in Canaan Inc. (NASDAQ:CAN), the same as in the preceding quarter worth $31 million.

On March 16, Canaan Inc. (NASDAQ:CAN) approved a share repurchase program worth $100 million. The company has also recently stepped up crypto operations by deploying an additional 10,000 machines for mining coins.