Zhihu Inc. (NYSE:ZH) Short Interest Update

Zhihu Inc. (NYSE:ZH) was the target 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 daily volume of 692,600 shares, the short-interest ratio is presently 2.2 days. Currently, 1.9% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Zhihu

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zhihu in the third quarter worth approximately $27,000. Wolverine Trading LLC purchased a new stake in shares of Zhihu in the fourth quarter worth approximately $38,000. Advisors Preferred LLC purchased a new stake in shares of Zhihu in the fourth quarter worth approximately $39,000. Russell Investments Group Ltd. purchased a new stake in shares of Zhihu in the fourth quarter worth approximately $67,000. Finally, New York State Common Retirement Fund grew its stake in Zhihu by 93.8% in the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company’s stock worth $112,000 after purchasing an additional 15,325 shares in the last quarter. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

Zhihu Trading Down 0.9 %

Shares of NYSE ZH traded down $0.05 during midday trading on Wednesday, hitting $5.05. The company’s stock had a trading volume of 297,061 shares, compared to its average volume of 458,412. The business’s 50 day moving average is $4.34 and its two-hundred day moving average is $3.87. Zhihu has a 12-month low of $2.55 and a 12-month high of $6.32. The firm has a market cap of $440.51 million, a P/E ratio of -9.01 and a beta of 0.08.

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.