Zhihu Inc. (NYSE:ZH) Short Interest Update

Zhihu Inc. (NYSE:ZH) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,570,000 shares, a drop of 20.7% from the August 15th total of 1,980,000 shares. Based on an average daily trading volume, of 316,100 shares, the short-interest ratio is currently 5.0 days. Approximately 1.7% of the shares of the stock are short sold.

Institutional Trading of Zhihu

Several institutional investors and hedge funds have recently bought and sold shares of ZH. Nomura Holdings Inc. raised its position in shares of Zhihu by 17.6% in the 4th quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock worth $421,000 after purchasing an additional 67,200 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Zhihu in the second quarter worth approximately $740,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zhihu during the first quarter valued at approximately $1,435,000. Alibaba Group Holding Ltd bought a new stake in shares of Zhihu during the first quarter valued at approximately $7,158,000. Finally, Matthews International Capital Management LLC raised its holdings in Zhihu by 5.7% in the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock worth $22,275,000 after acquiring an additional 1,753,312 shares during the last quarter. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their target price on Zhihu from $8.40 to $5.40 and set a “buy” rating on the stock in a research note on Thursday, June 13th.

Zhihu Price Performance

Shares of ZH opened at $3.30 on Monday. Zhihu has a 1-year low of $2.55 and a 1-year high of $6.84. The firm’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.60. The company has a market capitalization of $338.56 million, a P/E ratio of -2.89 and a beta of 0.16.

Zhihu (NYSE:ZH) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter. Zhihu had a negative net margin of 15.49% and a negative return on equity of 13.51%. The firm had revenue of $128.50 million for the quarter.

About Zhihu

Zhihu Inc operates an online content community in the People’s Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.