Zhihu Inc. (NYSE:ZH) Short Interest Update

Zhihu Inc. (NYSE:ZH) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a decrease of 18.5% from the February 13th total of 1,890,000 shares. Based on an average trading volume of 692,600 shares, the short-interest ratio is presently 2.2 days. Approximately 1.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a research note on Friday, November 29th.

Zhihu Trading Down 0.9 %

Shares of NYSE:ZH traded down $0.05 during mid-day trading on Wednesday, reaching $5.05. The stock had a trading volume of 297,061 shares, compared to its average volume of 458,412. The company has a market cap of $440.51 million, a P/E ratio of -9.01 and a beta of 0.08. Zhihu has a 1 year low of $2.55 and a 1 year high of $6.32. The business’s 50 day moving average price is $4.34 and its 200 day moving average price is $3.87.

Institutional Investors Weigh In On Zhihu

A number of hedge funds have recently made changes to their positions in ZH. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zhihu in the third quarter worth about $27,000. Wolverine Trading LLC purchased a new stake in Zhihu during the fourth quarter valued at approximately $38,000. Advisors Preferred LLC purchased a new stake in Zhihu during the fourth quarter valued at approximately $39,000. Russell Investments Group Ltd. purchased a new stake in Zhihu during the fourth quarter valued at approximately $67,000. Finally, New York State Common Retirement Fund raised its position in Zhihu by 93.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company’s stock valued at $112,000 after purchasing an additional 15,325 shares during the period. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

Zhihu Company Profile

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.