Short Interest in Zhihu Inc. (NYSE:ZH) Drops By 20.7%

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Zhihu

A number of hedge funds have recently modified their holdings of ZH. Acadian Asset Management LLC bought a new stake in Zhihu during the 2nd quarter valued at approximately $740,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zhihu in the 1st quarter worth $1,435,000. Alibaba Group Holding Ltd purchased a new position in shares of Zhihu during the first quarter valued at about $7,158,000. Matthews International Capital Management LLC grew its holdings in Zhihu by 5.7% during the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock valued at $22,275,000 after buying an additional 1,753,312 shares in the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Zhihu by 17.6% in the fourth quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock valued at $421,000 after purchasing an additional 67,200 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors.

Zhihu Stock Performance

NYSE:ZH opened at $3.30 on Monday. The company has a 50 day simple moving average of $3.21 and a two-hundred day simple moving average of $3.60. The company has a market cap of $338.56 million, a PE ratio of -2.89 and a beta of 0.16. Zhihu has a 12 month low of $2.55 and a 12 month high of $6.84.

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

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.