Short Interest in Zhihu Inc. (NYSE:ZH) Decreases By 16.4%

Zhihu Inc. (NYSE:ZH) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,480,000 shares, a decline of 16.4% from the November 30th total of 1,770,000 shares. Based on an average trading volume of 430,700 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Trading of Zhihu

Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zhihu in the third quarter valued at approximately $27,000. Virtu Financial LLC bought a new position in Zhihu in the 3rd quarter valued at $141,000. XTX Topco Ltd acquired a new position in Zhihu in the third quarter worth $151,000. Walleye Capital LLC acquired a new stake in shares of Zhihu in the third quarter valued at $212,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Zhihu in the third quarter valued at about $317,000. 28.92% of the stock is currently owned by institutional investors.

Zhihu Stock Performance

Shares of ZH stock traded up $0.11 during mid-day trading on Friday, reaching $3.71. The company’s stock had a trading volume of 249,040 shares, compared to its average volume of 349,525. The firm’s 50-day moving average is $3.63 and its two-hundred day moving average is $3.41. Zhihu has a 1-year low of $2.55 and a 1-year high of $5.86. The company has a market cap of $323.95 million, a P/E ratio of -6.63 and a beta of 0.21.

Analyst Ratings Changes

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

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.