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

Posted by Linda Flegge on Dec 31st, 2024

Zhihu Inc. (NYSE:ZH – Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 1,480,000 shares, a decrease of 16.4% from the November 30th total of 1,770,000 shares. Based on an average daily volume of 430,700 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the shares of the company are sold short.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on ZH

Zhihu Stock Down 2.2 %

Shares of ZH stock traded down $0.08 during mid-day trading on Tuesday, hitting $3.54. 129,556 shares of the stock were exchanged, compared to its average volume of 348,075. Zhihu has a 52-week low of $2.55 and a 52-week high of $5.74. The company has a market cap of $309.10 million, a PE ratio of -6.32 and a beta of 0.21. The firm has a fifty day moving average of $3.63 and a 200 day moving average of $3.41.

Hedge Funds Weigh In On Zhihu

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zhihu in the third quarter valued at approximately $27,000. Virtu Financial LLC acquired a new position in Zhihu during the third quarter worth $141,000. XTX Topco Ltd purchased a new position in Zhihu during the third quarter valued at $151,000. Walleye Capital LLC acquired a new stake in shares of Zhihu in the third quarter valued at about $212,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Zhihu during the third quarter worth about $317,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Zhihu Company Profile

(Get Free Report)

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.