Zhihu Inc. (NYSE:ZH) Short Interest Down 18.5% in February

Zhihu Inc. (NYSE:ZH) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a drop 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 short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its stake in Zhihu by 172.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 603,673 shares of the company’s stock valued at $2,137,000 after purchasing an additional 382,039 shares during the last quarter. Barclays PLC acquired a new position in Zhihu during the 3rd quarter valued at about $511,000. FIL Ltd acquired a new position in Zhihu during the 4th quarter valued at about $454,000. Nomura Holdings Inc. boosted its stake in Zhihu by 95.7% during the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company’s stock valued at $520,000 after purchasing an additional 71,764 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Zhihu by 65.1% in the 3rd quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock worth $675,000 after buying an additional 69,160 shares during the last quarter. 28.92% of the stock is owned by institutional investors.

Zhihu Stock Performance

Shares of ZH stock traded down $0.11 during mid-day trading on Tuesday, hitting $5.11. The company’s stock had a trading volume of 353,437 shares, compared to its average volume of 457,802. The company’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $3.86. Zhihu has a 52 week low of $2.55 and a 52 week high of $6.32. The company has a market cap of $445.75 million, a PE ratio of -9.12 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.