Zhihu Inc. (NYSE:ZH) Short Interest Update

Zhihu Inc. (NYSE:ZH) was the recipient of a large decline in short interest in 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 short-interest ratio is presently 3.4 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

Zhihu Price Performance

NYSE ZH traded down $0.08 during trading on Tuesday, hitting $3.54. The company’s stock had a trading volume of 129,556 shares, compared to its average volume of 348,075. The company has a market cap of $309.10 million, a PE ratio of -6.32 and a beta of 0.21. Zhihu has a fifty-two week low of $2.55 and a fifty-two week high of $5.74. The business’s 50 day simple moving average is $3.63 and its 200-day simple moving average is $3.41.

Analysts Set New Price Targets

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

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.